PLDT to Fully Acquire Radius Telecoms for ~$50M; Reports Stable Q1 Earnings & CFO Retirement

summarizeSummary

PLDT announced the full acquisition of Radius Telecoms for approximately $50 million, alongside stable Q1 2026 financial results and the retirement of its Chief Financial Officer.

check_boxKey Events

• Full Acquisition of Radius Telecoms Approved

  The Board approved the acquisition of the remaining 65.1% equity interest in Radius Telecoms, Inc. for approximately ₱2.935 billion (equivalent to ~$50 million USD). This will make Radius Telecoms a wholly-owned subsidiary, consolidating fiber facilities and strengthening PLDT's infrastructure.

• Stable Q1 2026 Financial Results

  PLDT reported a 3% increase in Gross Service Revenues to ₱54.9 billion and a 2% rise in Consolidated EBITDA to ₱28.3 billion. Core Income grew 2% to ₱9.1 billion, while reported Net Income saw a slight 2% decline. The company sustained positive free cash flow and improved its Net Debt-to-EBITDA ratio.

• Chief Financial Officer Retirement

  Mr. Danny Y. Yu, Senior Vice President and Chief Financial Officer, will retire effective May 31, 2026. He was praised for his pivotal role in strengthening the company's financial foundation and achieving positive free cash flow. Mr. Leo I. Posadas has been appointed Officer-in-Charge of the Finance, Risk, and Sustainability Group.

auto_awesomeAnalysis

PLDT's board approved the full acquisition of Radius Telecoms, a strategic move to consolidate fiber assets, representing a significant investment relative to the company's market capitalization. This strengthens PLDT's core infrastructure and future growth potential. The company also reported stable Q1 financial results, maintaining positive free cash flow, which provides a solid operational backdrop. The retirement of the CFO is a notable executive change, though presented as a planned transition with continuity, and an Officer-in-Charge has been appointed.