菲律宾电信行业市场前景及投资研究报告-外文版培训课件移动联通

DIGITAL

&

TRENDSTelecommunicationsindustryinthePhilippinesCHAPTER

01OverviewGrossvalueaddedgeneratedfromtheinformationandcommunicationindustryinthePhilippinesfrom2018to2023(inbillionPhilippinepesos)InformationandcommunicationsectorvalueaddedPhilippines2018-2023800717.57689.877006005004003002001000639.97585.19549.42515.932018201920202021202220234Description:In2023,theinformationandcommunicationindustryinthePhilippinesgeneratedagrossvalueaddedofapproximately717.57billionPhilippinepesos.Thesector'sGVAhadbeengraduallyincreasingoverthepastyears.

ReadmoreNote(s):Philippines;2018to2023;figuresareatconstant2018pricesSource(s):PSA(Philippines)HouseholdfinalconsumptionexpenditureoncommunicationinthePhilippinesfrom2017to2023(inbillionPhilippinepesos)HouseholdconsumptionexpenditureoncommunicationPhilippines2017-2023600500488.95466.81434.72398.574003002001000375.89351.31322.1720172018201920202021202220235Description:In2023,thehouseholdconsumptionexpenditureforcommunicationinthePhilippineswasvaluedatapproximately489billionPhilippinepesos.Householdspendingoncommunicationhasincreasedsteadilyovertheyears.ReadmoreNote(s):Philippines;2017to2023;figuresareatconstant2018pricesSource(s):PSA(Philippines)MedianspeedofinternetconnectionsinthePhilippinesasofNovember2023,bytype(inMbps)InternetconnectionspeedPhilippines2023,bytypeDownloadUpload10092.1992.45908070605040302010027.756.81FixedinternetMobileinternet6/statistics/1155438/philippines-internet-connection-speed-by-type-2019FixedinternetinthePhilippineshadamediandownloadspeedofabout92.2Mbpsandanuploadspeedof92.45MbpsasofNovember2023.Meanwhile,thedownloadspeedofmobileinternetinthecountrywaslessthan30Mbpsinthatperiod.

ReadmoreNote(s):Philippines;November2023Source(s):DataReportal;Meltwater;Ookla;WeAreSocialCHAPTER

02OperatorsandprovidersFastestinternetserviceproviders(ISPs)inthePhilippinesasofSeptember2023,bydownloadspeed(inMbps)FastestinternetproviderPhilippines2023,bydownloadspeedDownloadspeedinMbps30

40010205060708090PhilippineLongDistanceTelephoneConverge78.5369.59SkyCable60.0559.6957.68EasternCommunicationsRadiusTelecomsM247Limited48.76GlobeTelecom44.343.3BayanTelecommunicationsRoyalCableFlash34.46SmartCommunications18.278Description:AsofSeptember2023,thePhilippinesLongDistanceTelephoneIncorporatedorPLDTprovidedthefastestinternetspeedinthePhilippinesintermsofdownloadspeed.PLDTrecordedadownloadspeedofabout78.53Mbpsduringthisperiod.ThiswasfollowedbyConvergeandSkyCablewithaninternetdownloadspeedofabout69.59Mbpsand60.05Mbps,respectively.ReadmoreNote(s):Philippines;asofSeptember2023;datawerebasedontestsconductedbetweenFebruary11toAugust11,2023Source(s):BroadbandSpeedcheckerFastestfixednetworkconnectioninthePhilippinesduring3rdquarterand4thquarter2023FastestfixednetworkconnectionPhilippinesQ3-Q42023140123.18119.981201008088.56040200ConvergeICTPLDTHomeFiberGlobe9Description:Consideringthedownloadanduploadspeedofinternetserviceproviders,ConvergeICTwastheleadingfixed-lineinthePhilippines,withaspeedscoreof123.18duringthethirdandfourthquarterof2023.Thecountry'sinternetspeedhasshownsignificantimprovementsinrecentyears.ReadmoreNote(s):Philippines;Q3toQ42023Source(s):SpeedtestLeadingmobileoperatorinthePhilippinesin4thquarter2023,bymediandownloadspeed(inMbps)MobileoperatorwithfastestinternetconnectionPhilippinesQ420234037.64353025201510526.4419.740SmartGlobeDito10Description:SmartTelecommunicationswastheleadingmobilenetworkoperatorinthePhilippines,withamediandownloadspeedof37.64Mbpsduringthefourthquarterof2023.Incomparison,Ditohadamediandownloadspeedof19.74Mbps.

ReadmoreNote(s):Philippines;Q42023Source(s):SpeedtestConsolidatedrevenueofPLDTInc.inthePhilippinesfromfinancialyear2018to2023(inbillionPhilippinepesos)PLDTInc.revenuePhilippinesFY2018-FY2023250200210.95204.36193.26181169.19162.9115010050020182019202020212022202311Description:MajortelecommunicationsanddigitalservicesproviderPLDTIncorporatedgeneratedrevenuesofover210billionPhilippinepesosduringthe2023financialyear.Thisreflectsanincreasefromthepreviousyear's193billionPhilippinepesos.PLDTInc.offersfixed-line,wireless,andotherdigitalplatformsandtechnologies.ThecompanyalsoownsSmartCommunications,Inc.,whichoperatesunderthebrandsSmart,Sun,andTNT.ReadmoreNote(s):Philippines;FY2018toFY2023;foryearsendingDecember31Source(s):PLDTMobileservicerevenueofPLDTinthePhilippinesduringthefinancialyear2023,bytype(inmillionPhilippinepesos)PLDTmobileservicerevenuePhilippinesFY2023,bytype100,00090,00094,00780,00070,00060,00050,00040,00030,00020,00010,000074,99011,387Voice5,724SMS1,906DataInboundroamingandothers*Total12Description:MajortelecommunicationsanddigitalservicesproviderPLDTgeneratedtotalmobileservicerevenueofaround94billionPhilippinepesosduringthe2023financialyear.Ofthese,about75billionPhilippinepesosweregeneratedfromitsmobiledataservices.Ontheotherhand,servicerevenuefromvoiceservicesreachedapproximately12.4billionPhilippinepesos.

ReadmoreNote(s):Philippines;FY2023;*Accordingtothesource,thiscategoryreferstoothernon-subscriber-relatedrevenuesconsistingprimarilyofinboundinternationalroamingfeesandfacilityservicefees.OnePhilippinespesoisequalto0.018U.S.[...]

ReadmoreSource(s):PLDTOperatingrevenueofGlobeTelecomIncorporatedduringfiscalyear2023,bysegment(inbillionPhilippinepesos)GlobeTelecomInc.operatingrevenueFY2023,bysegmentOperatingrevenueinbilllionPhilippinepesos40

6002080100120112.38MobileHomebroadbandCorporatedataNon-servicerevenueFixedlinevoiceOthers25.1118.3217.831.64.9313Description:GlobeTelecomInc.generatedoperatingrevenuesofapproximately180billionPhilippinepesosduringthe2023fiscalyear,mostofwhichcamefromitsmobileservicesegment.Thiswasfollowedbythehomebroadbandservicesegment,withrevenuesamountingtoabout25billionPhilippinepesos.Theservicesegmentincludesmobile,homebroadband,corporatedata,fixed-linevoice,andothers.Meanwhile,thetotalnon-servicerevenueofthecompanyamountedto18billion[...]

ReadmoreNote(s):Philippines;FY2023Source(s):GlobeTelecomEBITDAofGlobeTelecomIncorporatedfrom2014to2023(inbillionPhilippinepesos)EBITDAofGlobeTelecomInc.2014-20239080706081.4379.0976.0374.9273.5165.1353.3349.985040302010045.9639.2720142015201620172018*2019202020212022202314Description:In2023,GlobeTelecomInc.reportedearningsbeforeinterest,taxes,depreciation,andamortization(EBITDA)ofapproximately81.43billionPhilippinepesos.GlobeTelecomIncorporatedisoneofthelargestcompaniesandamajorprovideroftelecommunicationservicesinthecountry.ReadmoreNote(s):Philippines;2014to2022;*Post-PFRSvalue(Philippinefinancialreportingstandard).EBITDAareearningsbeforeinterest,taxes,depreciation,andamortization.Figureshavebeenrounded.Figurespriorto2022camefromprevious[...]

ReadmoreSource(s):GlobeTelecomRevenueofConvergeICTSolutionsfromfiscalyear2018to2023(inbillionPhilippinepesos)RevenueofConvergeICTSolutionsFY2018-FY2023403530252035.3633.726.4815.65159.141055.05020182019202020212022202315Description:Duringthe2023fiscalyear,ConvergeICTSolutionsgeneratedtotalrevenuesof35.36billionPhilippinepesos,reflectinganincreasefromthepreviousfinancialyear.Themajorityofthecompany'srevenuewasgeneratedfromitsresidentialcustomers.ConvergeICTSolutionsisaninternetserviceproviderinthePhilippines.ReadmoreNote(s):Philippines;FY2018toFY2023Source(s):ConvergeICTCHAPTER

03Fixed-linenetworkNumberoffixedtelephonesubscriptionsinthePhilippinesfrom2011to2022(inmillions)FixedtelephonesubscriptionsPhilippines2011-20226.05.04.04.884.734.674.264.164.133.783.563.493.223.153.093.02.01.00.020112012201320142015201620172018201920202021202217Description:ThenumberoffixedtelephonesubscriptionsinthePhilippinesamountedtoaround4.88millionin2022.Thenumberoffixedtelephonesubscriptionsinthecountryhasfluctuatedovertheyears.ReadmoreNote(s):Philippines;2011to2022Source(s):WorldBankNumberoffixedtelephonesubscriptionsinthePhilippinesfrom2011to2022(per100population)FixedtelephonesubscriptionsPhilippines2011-20225.04.54.04.32443.963.943.873.723.653.593.53.02.52.01.51.00.50.03.183.163.0820112012201320142015201620172018201920202021202218Description:Fortwoconsecutiveyears,therewerefourfixedtelephonesubscriptionsforevery100individualsinthePhilippines.Thesubscriptiontopopulationtosubscriptionratiopeakedin2020.ReadmoreNote(s):Philippines;2011to2022Source(s):WorldBankRevenueofthelandlinephonesmarketinthePhilippinesfrom2018to2028(inmillionU.S.dollars)RevenueofthelandlinephonesindustryinthePhilippines2018-20288073.8272.6971.5170.3369.147066.8763.8762.8661.4359.3458.5260504030201002018201920202021202220232024202520262027202819Description:Therevenueinthe'LandlinePhones'segmentoftheconsumerelectronicsmarketinthePhilippineswasforecasttocontinuouslyincreasebetween2024and2028byintotal4.7millionU.S.dollars(+6.8percent).Aftertheeighthconsecutiveincreasingyear,theindicatorisestimatedtoreach73.82millionU.S.dollarsandthereforeanewpeakin2028.ReadmoreNote(s):Philippines;2018to2028Source(s):ConsumerMarketInsightsRevenuegrowthofthelandlinephonesmarketinthePhilippinesfrom2019to2028RevenuegrowthoflandlinephonesinthePhilippines2019-202810%7.64%8%6%4.69%3.39%4%2.31%1.72%1.69%1.65%1.56%1.38%2%0%-2%-4%-6%-8%-6.89%202020192021202220232024202520262027202820Description:Therevenuechangeinthe'LandlinePhones'segmentoftheconsumerelectronicsmarketinthePhilippineswasforecasttocontinuouslydecreasebetween2024and2028byintotal1.8percentagepoints.Accordingtothisforecastin2028,theindicatorwillhavedecreasedforthesixthconsecutiveyearto1.56percent.ReadmoreNote(s):Philippines;2019to2028Source(s):ConsumerMarketInsightsCHAPTER

04BroadbandNumberoffixedbroadbandsubscriptionsinthePhilippinesfrom2001to2022(inmillions)Philippines:numberoffixedbroadbandsubscriptions2001-2022121089.628.747.946.3163.7943.42.992.92.92.572.151.791.72

1.7221.050.50.270.01

0.02

0.060.09

0.1202001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202222Description:Therewereapproximately8.7millionfixedbroadbandsubscriptionsregisteredinthePhilippinesin2022,nearlyamilliondownfromthe9.6millionfigurereportedin2021.ThenumberofsubscriptionsinthePhilippineshasneverthelessincreaseddramaticallythroughoutthe2010s.ReadmoreNote(s):Philippines;2001to2022Source(s):ITUNumberoffixedbroadbandsubscriptionsper100inhabitantsinthePhilippinesfrom2001to2022Fixedbroadbandsubscriptionsper100inhabitantsinPhilippines2001-20229876548.57.67.15.73.53.22.92.82.832.62.21.91.852101.150.550.30.070.110.140.010.032001

2002

2003

2004

2005

2006

2007

2008

2009

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202223Description:Intheyear2022,therewereapproximately7.6fixedbroadbandsubscriptionsper100inhabitantsinthePhilippines,downfromabout8.5subscriptionsin2021.Thepenetrationoffixedbroadbandinthecountryhasneverthelessbeengrowingrapidlythroughoutthe2010s.ReadmoreNote(s):Philippines;2001to2022Source(s):ITUFixedbroadbanddownloadspeedsinthePhilippinesfromSeptember2021toSeptember2023(inMbps)MonthlyfixedbroadbanddownloadspeedsPhilippines2021-20231009092.0991.62

91.34

91.5690.5790.0388.8188.1387.1383.0981.8478.6978.338075.6971.7368.947060504060.0955.2152.1650.2649.48

49.1646.4445.8545.52Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'22

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'23

Aug

Sep'21

'21

'21

'21

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'23

'23

'23

'23

'23

'23

'23

'2324Description:ThemediandownloadspeedoffixedbroadbandinthePhilippinesreached83.09MbpsinSeptember2023.Thedownloadspeedoffixedbroadbandfluctuatedatsincethebeginningof2023,reachingitspeakspeedof92.09MbpsinApril.

ReadmoreNote(s):Philippines;September2021toSeptember2023Source(s):SpeedtestFixedbroadbanduploadspeedsinthePhilippinesfromSeptember2021toSeptember2023(inMbps)FixedbroadbanduploadspeedsPhilippines2021-20231009092.5391.6291.2491.1289.4687.6387.2286.1484.7879.4278.898075.8274.9172.869.017065.076050403056.4452.149.0846.944.06

44.2138.1938.1437.16Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'22

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'23

Aug

Sep'21

'21

'21

'21

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'23

'23

'23

'23

'23

'23

'23

'2325Description:ThemedianuploadspeedoffixedbroadbandinthePhilippinesreached79.42inSeptember2023.Theuploadspeedoffixedbroadbandfluctuatedatsincethebeginningof2023,reachingitspeakspeedof92.53MbpsinMay.

ReadmoreNote(s):Philippines;September2021toSeptember2023Source(s):SpeedtestAveragemonthlyfixedbroadbandcostinthePhilippinesfrom2017to2023(inU.S.dollars)AveragemonthlyfixedbroadbandcostPhilippines2017-20236053.7150.545040302010047.7844.1939.2938.192017201820192020/20212022202326Description:TheaveragemonthlycostofafixedbroadbandsubscriptioninthePhilippinesamountedto38.19U.S.dollarsin2023,indicatingadecreaseincomparisontothepreviousyear.Thenumberoffixedbroadbandsubscriptionsinthecountrygraduallyincreasedsine2010,withasignificantleapbetween2019and2019.ReadmoreNote(s):Philippines;2017to2023Source(s):Businessworld;Cable.co.ukCHAPTER

05MobilesubscriptionNumberofmobileinternetusersinthePhilippinesfrom2010to2029(inmillions)MobileinternetusersinthePhilippines2010-20291201008096.1291.0986.1278.7268.6659.46050.9443.2636.414019.9316.09

15.962013.7411.79.938.437.196.125.23.7102010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

202928Description:ThenumberofsmartphoneusersinthePhilippineswasforecasttocontinuouslyincreasebetween2024and2029byintotal36.7millionusers(+61.78percent).Afterthetenthconsecutiveincreasingyear,thesmartphoneuserbaseisestimatedtoreach96.12millionusersandthereforeanewpeakin2029.ReadmoreNote(s):Philippines;2010to2029;allvaluesareestimatesSource(s):TotalnumberofmobilesubscribersinthePhilippinesfrom2012to2023(inmillions)TotalnumberofmobilesubscribersPhilippines2012-2023180160140167.32157.48153149.58134.59122120.1117.84115.82120100806040200111.33101.98102.8220122013201420152016201720182019202020212022202329Description:In2023,thenumberofmobilesubscribersinthePhilippinesreached122million,reflectingadecreaseincomparisontothepreviousyear.TheoverwhelmingmajorityofFilipinomobilephoneownershaveanAndroidoperatingsystem.

ReadmoreNote(s):Philippines;2012to2023Source(s):GlobeTelecom;NTC(Philippines)NumberofmobilesubscribersinthePhilippinesfrom2018to2020,bysubscriptiontype(inmillions)NumberofmobilesubscribersPhilippines2018-2020,bysubscriptiontypePre-paid162.24Post-paid180160144.9114012010080129.676040204.925.094.67020182019202030Description:In2020,therewereroughly145millionpre-paidmobilesubscriptionsinthePhilippines,reflectingadecreasefromthepreviousyear.Meanwhile,thenumberofpost-paidsubscribersinthecountryalsodeclinedinthatyearto4.67million.Pre-paidsubscriptionsremainasthecheaperoptionwhengettingamobilesubscriptioninthePhilippinesbecauseoftheflexibilityandwiderrangeofpromosofferedtoconsumers.ReadmoreNote(s):Philippines;2018to2020Source(s):NTC(Philippines)CHAPTER

06MobilenetworkMobileinternetusagepenetrationinthePhilippinesfrom2010to2029MobileinternetusagereachinthePhilippines2010-20299077.05

77.3777.59

77.758070605040302010075.93

76.5974.9873.6371.7269.0565.3860.4754.1346.3537.4328.0719.2811.996.733.422010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

202932Description:ThepopulationsharewithmobileinternetaccessinthePhilippineswasforecasttocontinuouslyincreasebetween2024and2029byintotal1.8percentagepoints.Afterthenineteenthconsecutiveincreasingyear,themobileinternetpenetrationisestimatedtoreach77.75percentandthereforeanewpeakin2029.Notably,thepopulationsharewithmobileinternetaccessofwascontinuouslyincreasingoverthepastyears.

ReadmoreNote(s):Philippines;2010to2029;allvaluesareestimatesSource(s):NumberofmobileinternetusersinthePhilippinesfrom2010to2029(inmillions)MobileinternetusersinthePhilippines2010-20291201008096.1291.0986.1278.7268.6659.46050.9443.2636.414019.9316.09

15.962013.7411.79.938.437.196.125.23.7102010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

202933Description:ThenumberofsmartphoneusersinthePhilippineswasforecasttocontinuouslyincreasebetween2024and2029byintotal36.7millionusers(+61.78percent).Afterthetenthconsecutiveincreasingyear,thesmartphoneuserbaseisestimatedtoreach96.12millionusersandthereforeanewpeakin2029.ReadmoreNote(s):Philippines;2010to2029;allvaluesareestimatesSource(s):NumberofmobilebroadbandconnectionsinthePhilippinesfrom2014to2029(inmillions)NumberofmobilebroadbandconnectionsinthePhilippines2014-202912010080107.65104.36100.9197.2793.4589.4285.1680.6771.9872.3372.6570.517156.61604020042.3320152820142016201720182019202020212022202320242025202620272028202934Description:ThenumberofmobilebroadbandconnectionsinthePhilippineswasforecasttocontinuouslyincreasebetween2024and2029byintotal18.2millionconnections(+20.35percent).Aftertheninthconsecutiveincreasingyear,thenumberofconnectionsisestimatedtoreach107.65millionconnectionsandthereforeanewpeakin2029.ReadmoreNote(s):Philippines;2014to2029;allvaluesareestimatesSource(s):Numberofmobilebroadbandconnectionsper100inhabitantsinthePhilippinesfrom2014to2029Mobilebroadbandconnectionsper100inhabitantsinthePhilippines2014-2029908084.2682.7981.1579.3377.3275.0772.5869.8167.4470605040302010066.6265.8162.8562.3553.9741.0827.64201420152016201720182019202020212022202320242025202620272028202935Description:Thenumberofmobilebroadbandconnectionsper100inhabitantsinthePhilippineswasforecasttocontinuouslyincreasebetween2024and2029byintotal9.2connections(+12.26percent).Aftertheeighthconsecutiveincreasingyear,themobilebroadbandpenetrationisestimatedtoreach84.26connectionsandthereforeanewpeakin2029.ReadmoreNote(s):Philippines;2014to2029;allvaluesareestimatesSource(s):AveragedailytimespentonmobileinternetamonginternetusersinthePhilippinesfrom3rdquarter2019to3rdquarter2023(inhoursandminutes)DailytimespentusingmobileinternetPhilippinesQ32019-Q3202365.545.475.315.25.11543210Q3'19Q3'20Q3'21Q4'22Q3'2336Description:Internetusersaged16to64inthePhilippinesspentanaverageoffivehoursand20minutesusingmobileinternetduringthethirdquarterof2023.Thatwasnineminuteslessthantheaveragedailytimespentonmobileinternetinthesamequarterofthepreviousyear.ReadmoreNote(s):Philippines;Q32019toQ32023;16-64yearsSource(s):Varioussources(DataReportal,WeAreSocial,Meltwater,GWI)CHAPTER

075GnetworkMediandownloadanduploadspeedsofthe5GmobilenetworkinthecityofManilaofthePhilippinesasofthe1sthalfof2023(inMbps)Medianspeedof5GmobilenetworkinManilaPhilippinesH12023160135.511401201008060402011.50DownloadUpload38Description:Asofthefirsthalfof2023,themediandownloadspeedofthe5GnetworkinthecityofManilainthePhilippineswas135.51Mbps,whiletheaverageuploadspeedwas11.5Mbps.5Gtechnologywasrolledoutinthecountryin2019,andnearly100citieshavealreadybeencoveredbythisnetwork.ReadmoreNote(s):Philippines;asofH12023Source(s):GSMAIntelligence;OoklaAveragedownloadspeedof5GnetworkprovidersinthePhilippinesasofApril2024(inMbps)5GaveragedownloadspeedofnetworkprovidersPhilippines2024350302.930025020015010050143.494.90DITOSmartGlobe39Description:AsofApril2024,DITOhadthefastest5GconnectionspeedinthePhilippines,withanaveragedownloadspeedof302.9Mbps.5Gnetworksarethefifthgenerationofbroadbandcellularnetwork,whichoffersfasterconnectionspeedandcanhandlemoreconnecteddevice.ReadmoreNote(s):Philippines;