PT&T Corp., a leading telecommunications and IT solutions provider in the Philippines, is working toward resuming trading on the Philippine Stock Exchange (PSE) within the first half of 2025, following a voluntary suspension that has lasted nearly two decades.
James Velasquez, company president and chief executive officer, confirmed the goal, saying, “The plan is to be able to do that within the year. So, hopefully, within the first half is our objective.” He added that while the company is finalizing requirements, “90 percent of what we need to do has been completed.”
Shares of PT&T were last traded on 9 December 2004, at P0.33 per share, with a public float of 29.95 percent. The company has since been working on a series of corporate restructurings and capital improvements to strengthen its financial position.
In a key development, the Securities and Exchange Commission (SEC) approved PT&T’s increase in its authorized capital stock from P3.8 billion to P12.6 billion in November 2023. The company highlighted the success of its debt-to-equity conversion, which has enabled PT&T to erase P9.3 billion in capital deficiency. The restructuring has substantially reduced its liabilities, marking a turnaround with over 100 percent improvement year-on-year.
Alongside these corporate enhancements, PT&T is expanding its offerings via its joint venture with Australia’s Netlinkz Ltd. The partnership, called SecureLink Networks, focuses on delivering cutting-edge cybersecurity solutions for businesses in the Philippines. The introduction of Virtual Secured Network Plus (VSN+), a technology that combines secure connectivity with enterprise-grade cybersecurity, aims to meet the growing demand for robust digital protection in the region.
PT&T’s telecom infrastructure is also undergoing expansion, with the company now reaching 28,266 fiber kilometers across high-growth areas, covering almost 40 percent of the population. The company holds a 25-year legislative franchise, allowing it to establish, maintain, and operate wired and wireless telecommunications systems for domestic and international communications.
With these, PT&T is positioning itself for a strong market re-entry and continues to build a solid foundation for future growth.
