PLDT's Mobile Phone Subscribers Exceed 30 Million at End 2007

MANILA -(Dow Jones)- Philippine Long Distance Telephone, the country's largest telecommunications firm by revenue, Wednesday said its total mobile phone subscribers exceeded 30 million at the end of 2007.

The figure is 6% higher than the 28.3 million it reported at the end of September.

PLDT's mobile phone service is provided by its wholly-owned unit Smart Communications Inc.

In a disclosure to the stock exchange, PLDT also reported that there are over one million users of its mobile phone banking service, while nearly 300,000 are using its wireless broadband service.

-By Cecilia Yap, Dow Jones Newswires; 632-848-5051; cecilia.yao@dowjones.com

(END) Dow Jones Newswires

Posted to the site on 2nd January 2008