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Friday, January 23, 2009


The Philippine Long Distance Telephone Company, commonly known as PLDT, is the largest telecommunications company in the Philippines. PLDT is also the largest company in the Philippines, ranked 1214th in the Forbes 2008 list, with San Miguel Corporation ranked 1984th. The two are the only Filipino company included in the Forbes Global 2000 rankings. PLDT was established on November 28, 1928, by an Act of the Philippine Legislature and approved by then-Governor-General Henry L. Stimson by means of a merger of four telephone companies under common US ownership. Known as Act 3436, the bill granted PLDT a 50-year charter and the right to establish a Philippine telephone network linking major points nationwide. However, PLDT had to meet a 40-day deadline to start implementing the network, which would be implemented over a period of one to four years.
By the 1930s, PLDT had an expansive fixed-line network and for the first time linked the Philippines to the outside world via radiotelephone services connecting the Philippines to the United States and other parts of the world.

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