MANILA - Cignal TV is now the Philippines’ biggest pay TV operator.
The country's direct-to-home pay TV provider reported that it closed last year with 845,000 subscribers, 13 percent more than the 630,000 in 2013.
The end-2014 subscriber count already surpassed Skycable’s 800,000. This, despite Sky Cable acquiring Destiny Cable last year.
"If fortunate, by the end of this year we will hit one million subscribers, because we already have about 845,000 as of end last year,” said Manuel V. Pangilinan, chairman of Philippine Long Distance Telephone Company (PLDT), whose trust fund owns Cignal through MediaQuest Holdings.
“Usually first quarter the growth is leaner, but it pays up second, third, fourth quarters," Pangilinan said during yesterday's briefing on PLDT's 2014 financial results.
At end-December, Cignal had 97 channels, including 27 high-definition channels.
Cignal offers a wide array of plans, including prepaid plans starting at P300 and P490. Postpaid plans start for as low as P490. Fibr bundles start at P630.