PLDT Inc. has secured a P2 billion social loan facility from HSBC Philippines aimed at enhancing internet connectivity in underserved areas of the Philippines.
The funding will expand PLDT’s fiber network to reach fourth to sixth class municipalities, including so-called geographically isolated and disadvantaged areas (GIDAs) where access to digital services is limited.
PLDT covers 59 percent of these areas at present but plans to extend its services further to foster inclusive growth.
PLDT emphasized its commitment to digital inclusion in the Philippines. HSBC highlighted the significance of the project in bridging the digital divide.
