Smart Communications
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Industry | Communications Services |
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Founded | Manila, Philippines (1991) |
Headquarters | Makati City, Philippines |
Key people | Manuel V. Pangilinan, Chairman Napoleon L. Nazareno, President and CEO |
Products | Broadband Services Cellular Telephony |
Revenue | P93.4 billion PHP (11%) (2007) |
P30.7 billion PHP (1%) (2007) [2] | |
Parent | Philippine Long Distance Telephone Company |
Website | www.smart.com.ph |
Smart Communications is a wholly owned mobile phone and Internet service subsidiary of the Philippine Long Distance Telephone Company (PLDT).[1] On September 2012 the company reported that it has over 52.1 million cellular subscribers. [2]
Smart introduced the first wireless offerings, and also offers 3G, HSPA+, LTE services, wireless broadband services, and an SMS-based money remittance system.[3]
History
Anticipating the liberalization of the telecommunications industry in the Philippines in 1992, Smart (then named Smart Information Technology, Inc.) was organized in January 24, 1991 by a group of Filipino investors led by Orlando B. Vea and David T. Fernando.
The Company obtained its congressional franchise in April 1992 and was granted a provisional authority to operate a mobile cellular service in May 1993. In December 1993, Smart commenced commercial operations of its cellular service.
By then, Smart had drawn in partners. These were: First Pacific, a Hong Kong-based conglomerate through its Philippine flagship Metro Pacific Investments Corporation and Nippon Telegraph and Telephone of Japan (NTT).
In compliance with the government’s telecommunications program, Smart established a local exchange service in the cities and provinces assigned to it under the “service area scheme.” The Company also obtained licenses to provide international gateway, paging and inter-carrier transmission services. [4]
On March 24, 2000, PLDT completed its share-swap acquisition of Smart, making Smart a 100%-owned PLDT subsidiary.
In December 5, 2006 Smart Communications became a member of Conexus Mobile Alliance to enhance its international roaming and corporate mobile services for voice, video and data roaming. The alliance has a combined customer base of about 52.3 million mobile subscribers via its GSM/GPRS, W-CDMA networks and/or HSDPA networks.
Subsidiaries
- Smart Broadband Inc.
- PLDT Communication and Energy Ventures, Inc
- Primeworld Digital Systems, Inc.[5]
- Wolfpac Mobile, Inc. [5]
- Wireless Card Inc. [5]
- Smarthub, Inc. [5]
- Smart Money Holdings Corporation (SMHC) [5]
- Smart Money, Inc. (owned through SMHC) [5]
- Far East Capital Limited [5]
- Philippines Communications Holdings Corporation [5]
- Francom Holdings, Inc. [5]
- Chikka Holdings Limited [5]
- Smarthub Pte. Ltd. [5]
- SmartConnect Global Pte. Ltd. [5]
- 3rd Brand Pte. Ltd. [5]
References
- ^ Sullivan, Nicholas P. (2007). You Can Hear Me Now: How Microloans and Cell Phones are Connecting the World's Poor To the Global Economy. John Wiley & Sons. p. 123. ISBN 9780787994631.
- ^ Corporate Profile - Smart Communications retrieved May 7, 2013
- ^ "Smart's phone-based remittance system in the Philippines". Global Economic Prospects 2006: Economic Implications of Remittances and Migration. World Bank Publications. 2006. p. 150. ISBN 9780821363454.
- ^ [1]
- ^ a b c d e f g h i j k l m n "PLDT General Information Sheet" (PDF) (Press release). 8 May 2013. Retrieved 19 June 2013.