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Smart Communications

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Smart Communications, Inc.
IndustryCommunications Services
FoundedManila, Philippines (1991)
HeadquartersMakati City, Philippines
Key people
Manuel V. Pangilinan, Chairman
Napoleon L. Nazareno, President and CEO
ProductsBroadband Services
Cellular Telephony
RevenueP93.4 billion PHP (Increase11%) (2007)
P30.7 billion PHP (Increase1%) (2007) [2]
ParentPhilippine Long Distance Telephone Company
Websitewww.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

References

  1. ^ 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.
  2. ^ Corporate Profile - Smart Communications retrieved May 7, 2013
  3. ^ "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.
  4. ^ [1]
  5. ^ 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.