Philstar
PLDT’s P2 billion social loan recognized as Social Infrastructure Deal of the Year
PLDT Inc. received the "Social Infrastructure Deal of the Year" award from The Asset magazine for its P2-billion social loan with HSBC Philippines, recognizing it as the top deal in the ASEAN region.
The loan funded the expansion of PLDT's fiber optic cable network, aiming to enhance digital inclusion in fourth to sixth-class municipalities and geographically isolated and disadvantaged areas (GIDAs).
PLDT CFO Danny Y. Yu stated the company's commitment to expanding its fiber network's reach to better serve customers and help the government reduce the digital divide.
As of March 2025, PLDT operates the Philippines' most extensive fiber optic network, covering 73% of municipalities and 91% of all provinces.
This fiber infrastructure supports its wireless subsidiary, Smart Communications, which has achieved 97% population coverage with its 4G/5G networks.
PLDT's fiber network also enables its data center arm, VITRO, to build AI-ready hyperscale data centers and promote local AI service adoption.
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