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PLDT Chairman Manuel Pangilinan's vision of the Digitel/Sun Cellular assimilation into the PLDT Group

"The assimilation of Digitel/Sun Cellular into the PLDT Group, and the benefits that will arise from such integration, will take some time to complete because of the Group’s size and complexity. We had earlier foreseen this. But we are encouraged by the opportunities for both synergy and growth as we gain more visibility of these opportunities post-closing.
We do recognize that there will be a need for quick wins which could help efficiencies and productivity in the short-term. That said, the more significant benefits, especially to our bottom line, will take time to realize. We therefore expect 2012 to be a year of alignment where we will implement a number of requisite changes - the positive effects of which are expected to be medium-term in nature simply because these will be permanent and long-lasting. Accordingly, we are guiding our Core Profit for 2012 lower at P=37.0 billion. I am persuaded though that this figure is the bottom of this unavoidable period of integration and alignment, and we will find ourselves back on an upward growth curve starting 2013,” concluded Manuel V. Pangilinan, PLDT Chairman. - https://www.affordablecebu.com/
 

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"PLDT Chairman Manuel Pangilinan's vision of the Digitel/Sun Cellular assimilation into the PLDT Group" was written by Mary under the Business category. It has been read 1819 times and generated 0 comments. The article was created on and updated on 06 March 2012.
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