PT&T aims PSE re-list H1 2025, clears ₱9.3B

Listed connectivity provider PT&T Corp., aiming to resume trading on the Philippine Stock Exchange (PSE) this year, has nearly completed all necessary requirements for re-listing.

PT&T President and CEO James Velasquez told reporters that the company's plan to end its two-decade stock market hiatus is now 'on track' with a target set for the first half of 2025.

The firm, once a rival to PLDT Inc., primarily caters to businesses in Metro Manila and Calabarzon today after filing for voluntary trading suspension in 2004 due to financial difficulties following the Asian financial crisis.

PT&T has since wiped out its ₱12 billion debt through a debt-to-equity conversion of ₱8.9 billion, clearing ₱9.3 billion in capital deficiency and receiving SEC approval for an increased capital stock from ₱3.8 billion to ₱12.6 billion.

The company is focusing on sustainable growth with plans to expand its network to Northern Luzon this year, aiming to serve at least 40 percent of the country's population, as well as deploying fiber optic infrastructure for improved services.