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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Significant Accounting Policies [Abstract]  
Summary of Subsidiaries

Our consolidated financial statements include the financial statements of PLDT and the following subsidiaries (collectively, the “PLDT Group”) as at December 31, 2021 and 2020:

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

 

Place of

 

 

 

Percentage of Ownership

 

Name of Subsidiary

 

Incorporation

 

Principal Business Activity

 

Direct

 

 

Indirect

 

 

Direct

 

 

Indirect

 

Wireless

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Smart:

 

Philippines

 

Cellular mobile services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

Smart Broadband, Inc., or SBI, and Subsidiary

 

Philippines

 

Internet broadband distribution services

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Primeworld Digital Systems, Inc., or PDSI

 

Philippines

 

Internet broadband distribution services

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

I-Contacts Corporation

 

Philippines

 

Operations support servicing business

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Far East Capital Limited, or FECL(a)

 

Cayman Islands

 

Cost effective offshore financing and

   risk management activities for Smart

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

PH Communications Holdings Corporation

 

Philippines

 

Investment company

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Connectivity Unlimited Resource Enterprise

 

Philippines

 

Cellular mobile services

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Francom Holdings, Inc.

 

Philippines

 

Investment company

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Chikka Holdings Limited, or Chikka, and Subsidiaries, or

   Chikka Group(a)

 

British Virgin Islands

 

Content provider, mobile applications

   development and services

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Wifun, Inc.

 

Philippines

 

Software developer and selling

   of WiFi access equipment

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

PLDT Global, Inc.(b)

 

Philippines

 

Cross-border digital platforms and other

allied services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

ACeS Philippines Cellular Satellite Corporation, or

   ACeS Philippines

 

Philippines

 

Satellite information and messaging services

 

 

88.5

 

 

 

11.5

 

 

 

88.5

 

 

 

11.5

 

Digitel Mobile Philippines, Inc., or DMPI,

   (a wholly-owned subsidiary of Digitel)

 

Philippines

 

Cellular mobile services

 

 

—

 

 

 

99.6

 

 

 

—

 

 

 

99.6

 

Fixed Line

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT Clark Telecom, Inc., or ClarkTel

 

Philippines

 

Telecommunications services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

PLDT Subic Telecom, Inc., or SubicTel

 

Philippines

 

Telecommunications services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

PLDT Global Corporation, or PLDT Global, and Subsidiaries

 

British Virgin Islands

 

Telecommunications services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

Smart-NTT Multimedia, Inc.(a)

 

Philippines

 

Data and network services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or

   Philcom Group

 

Philippines

 

Telecommunications services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

Talas Data Intelligence, Inc.

 

Philippines

 

Business infrastructure and solutions;

   intelligent data processing and

   implementation services and data

   analytics insight generation

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

ePLDT, Inc., or ePLDT:

 

Philippines

 

Information and communications

   infrastructure for internet-based

   services, e-commerce, customer

   relationship management and IT

   related services

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

IP Converge Data Services, Inc., or IPCDSI, and Subsidiary,

   or IPCDSI Group

 

Philippines

 

Information and communications

   infrastructure for internet-based

   services, e-commerce, customer

   relationship management and IT

   related services

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Curo Teknika, Inc., or Curo

 

Philippines

 

Managed IT outsourcing

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

ABM Global Solutions, Inc., or AGS, and Subsidiaries,

   or AGS Group

 

Philippines

 

Internet-based purchasing, IT

   consulting and professional services

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

ePDS, Inc., or ePDS

 

Philippines

 

Bills printing and other related

   value-added services, or VAS

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

netGames, Inc.(a)

 

Philippines

 

Gaming support services

 

 

—

 

 

 

57.5

 

 

 

—

 

 

 

57.5

 

MVP Rewards Loyalty Solutions, Inc., or MRSI

 

Philippines

 

Full-services customer rewards and loyalty

   programs

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

Digitel:

 

Philippines

 

Telecommunications services

 

 

99.6

 

 

 

—

 

 

 

99.6

 

 

 

—

 

Digitel Information Technology Services, Inc.(a)

 

Philippines

 

Internet services

 

 

—

 

 

 

99.6

 

 

 

—

 

 

 

99.6

 

PLDT-Maratel, Inc., or Maratel

 

Philippines

 

Telecommunications services

 

 

98.0

 

 

 

—

 

 

 

98.0

 

 

 

—

 

Bonifacio Communications Corporation, or BCC

 

Philippines

 

Telecommunications, infrastructure and related

   VAS

 

 

75.0

 

 

 

—

 

 

 

75.0

 

 

 

—

 

Pacific Global One Aviation Company, Inc., or PG1

 

Philippines

 

Air transportation business

 

 

65.3

 

 

 

—

 

 

 

65.3

 

 

 

—

 

Pilipinas Global Network Limited, or PGNL, and Subsidiaries

 

British Virgin Islands

 

International distributor of Filipino

   channels and content

 

 

64.6

 

 

 

—

 

 

 

64.6

 

 

 

—

 

Others

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PLDT Global Investments Holdings, Inc., or PGIH

 

Philippines

 

Investment company

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

PLDT Digital Investments Pte. Ltd., or PLDT Digital,

   and Subsidiaries

 

Singapore

 

Investment company

 

 

100.0

 

 

 

—

 

 

 

100.0

 

 

 

—

 

Mabuhay Investments Corporation(a)

 

Philippines

 

Investment company

 

 

67.0

 

 

 

—

 

 

 

67.0

 

 

 

—

 

PLDT Global Investments Corporation, or PGIC

 

British Virgin Islands

 

Investment company

 

 

—

 

 

 

100.0

 

 

 

—

 

 

 

100.0

 

PLDT Communications and Energy Ventures, Inc., or PCEV

 

Philippines

 

Investment company

 

 

—

 

 

 

99.9

 

 

 

—

 

 

 

99.9

 

 

 

(a)

Ceased commercial operations.

 

(b)

On June 30, 2021, the Philippine SEC approved the amendment of Telesat, Inc.’s Articles of Incorporation, resulting to the adoption of (i) a new corporate name —“PLDT Global Inc.”; and (ii) a revised primary purpose stating that the Company will now be in the business of providing various cross-border digital platforms and other allied services for global customers, especially for overseas/offshore Filipinos.