Saturday, February 10, 2018

Philippine Telegraph and Telephone Corporation (PTT)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Philippine Telegraph and Telephone Corporation (PTT)
Sector
Services
Incorporation Date
Nov 14, 1962
Subsector
Telecommunications
Number of employees
 (Group Total)
Board of Directors
Chairman: Salvador B. Zamora II
Website / E-mail
http://www.ptt.net.ph / ECGarcia@ptt.net.ph
2. Stock Information
Total Assets
Market Capitalization
263,999,580.24
Total Liabilities
Outstanding Shares
799,998,728
Retained Earnings
Listed Shares
800,000,000
Listing Date
Jan 10, 1990
Issued Shares
800,000,000
Board Lot
10,000
Free Float Level (%)
29.97%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Menlo Capital Corporation
70%
4. Company Descriptions and Business Development
Notes
1. The trading is suspended as of now.
2. Late 2017, Menlo acquired the company to resume its telco business. Salvador B. Zamora II is the founder of NIKL, a listed company. It’s not clear his ownership percentage in Menlo. There are lots of news articles about the third telco player, except for GLO and TEL, and PTT is also one of them.
3. Related companes: MRC, NIKL
Overview
It has the franchise license to do the telecommunication service but its stock trading in PSE is suspended since 2004. It is still under court approved rehabilitation process.


Business
No revenue generating commercial activites yet.

Subsidiaries / Associates / Affiliates / Joint Ventures

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MARKET ISSUES

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