Wednesday, July 2, 2025

PLDT’s ₱2-B social loan named ‘Social Infrastructure Deal of the Year’

PLDT Inc. (PLDT) was honored in The Asset Magazine’s Triple A Sustainable Infrastructure Awards 2025, where the company’s PHP2 billion social loan from HSBC Philippines was recognized as the “Social Infrastructure Deal of the Year” in the ASEAN region category.

Proceeds from the loan helped finance the expansion of fiber optic cable network and enable digital inclusion for the country’s fourth to sixth class municipalities, including geographically isolated and disadvantaged areas or GIDAs.

“We are honored to be recognized for business investments that yield positive social impact as it affirms our sustainability focus. We remain committed to expanding the reach of our fiber network to better serve our customers and continuously support the government in narrowing the digital divide.” said PLDT Chief Financial Officer and Chief Risk Management Officer Danny Y. Yu.

PLDT operates the Philippines’ most extensive fiber optic network, reaching 73 percent of Philippine towns and 91 percent of total provinces, as of end March 2025. This infrastructure provides a robust backbone to its wireless unit Smart Communications, Inc., which currently maintains a 97 percent population coverage of 4G/5G networks.

PLDT’s fiber network also supports its data center arm VITRO in building AI-ready hyperscale data centers and driving local adoption of AI services.

 The Asset Triple A Sustainable Infrastructure Awards is an independent citation that recognizes institutions and investments that contribute to Asia’s infrastructure growth and economic development. The Triple A Sustainable Infrastructure Awards 2025 covered performance of entities from January to December of 2024.

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