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PLDT Inc. (PHI)
NYSE · Transportation, Communications & Utilities · Telephone Communications (No Radiotelephone)
Research deepening · 3/4 core data layers currently established
What PLDT Inc. does
A. Historical Background and Development PLDT was incorporated in the Philippines under the old Corporation Law of the Philippines (Act 1459, as amended) on November 28, 1928 as Philippine Long Distance Telephone Company, following the merger of four telephone companies under common U.S. ownership. In July 2016, PLDT changed its name to PLDT Inc. Pursuant to Section 11 of the Revised Corporation Code, which states that corporations shall have perpetual existence unless the corporation elects to retain the specific corporate term indicated in its Articles of Incorporation, PLDT has a perpetual corporate term. PLDT’s original franchise was granted in 1928 and was last amended in 1991, extending its term until 2028 and broadening its franchise to permit it to provide virtually every type of telecommunications service.
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