Sun Cellular Posts Highest 1Q Growth Rate in Telco Industry
Sun Cellular sustained its positive streak as it registered a 17% growth in its net service revenues for the first quarter of 2012 of Php4.2B compared with Php3.6B for the same period last year. This is the highest growth rate for any local telco this year.
Sun Cellular President and Chief Executive Officer Orlando Vea attributes the strong growth to the positive response of the market to the continued improvement of Sun’s network powered by synergies with parent company, PLDT. “We are elated by the market’s continued take-up of Sun’s services, and they can expect even better products and services to be offered to ensure that this momentum will be sustained,” he says.
Revenue from Sun Cellular’s postpaid segment in the first quarter of 2012 grew by 20% compared with the same period las...