Our consolidated financial statements include the financial statements of PLDT and the following subsidiaries (collectively, the “PLDT Group”) as at December 31, 2017 and 2016:
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2017 |
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2016 |
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Percentage of Ownership |
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Name of Subsidiary |
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Place of Incorporation |
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Principal Business Activity |
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Direct |
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Indirect |
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Direct |
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Indirect |
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Wireless |
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Smart: |
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Philippines |
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Cellular mobile services |
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100.0 |
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— |
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100.0 |
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— |
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Smart Broadband, Inc., or SBI, and Subsidiary |
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Philippines |
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Internet broadband distribution services |
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— |
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100.0 |
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— |
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100.0 |
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Primeworld Digital Systems, Inc., or PDSI |
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Philippines |
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Internet broadband distribution services |
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— |
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100.0 |
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— |
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100.0 |
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I-Contacts Corporation |
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Philippines |
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Operations support servicing business |
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— |
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100.0 |
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— |
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100.0 |
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Smart Money Holdings Corporation, or SMHC |
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Cayman Islands |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Far East Capital Limited, or FECL, and Subsidiary, or FECL Group |
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Cayman Islands |
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Cost effective off shore financing and risk management activities for Smart |
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— |
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100.0 |
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— |
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100.0 |
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PH Communications Holdings Corporation |
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Philippines |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Connectivity Unlimited Resource Enterprise, or CURE |
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Philippines |
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Cellular mobile services |
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— |
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100.0 |
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— |
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100.0 |
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Francom Holdings, Inc.: |
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Philippines |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group |
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British Virgin Islands |
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Content provider, mobile applications development and services |
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— |
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100.0 |
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— |
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100.0 |
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Voyager Innovations, Inc., or Voyager |
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Philippines |
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Mobile applications and digital platforms developer |
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— |
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100.0 |
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— |
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100.0 |
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Voyager Innovations Holdings, Pte. Ltd., or VIH, (formerly eInnovations Holdings Pte. Ltd., or eInnovations)(a) |
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Singapore |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Voyager Innovations Investments Pte. Ltd., or VII, (formerly Takatack Holdings Pte. Ltd., or Takatack Holdings)(b) |
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Singapore |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Voyager Innovations Singapore Pte. Ltd., or VIS, (formerly Takatack Technologies Pte. Ltd., or Takatack Technologies)(c) |
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Singapore |
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Development and maintenance of IT-based solutions for communications and e-Commerce platforms |
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— |
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100.0 |
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— |
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100.0 |
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Takatack Malaysia Sdn. Bhd., or Takatack Malaysia(d) |
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Malaysia |
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Development,maintenance and support services to enable the digital commerce ecosystem |
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— |
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100.0 |
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— |
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100.0 |
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iCommerce Investments Pte. Ltd., or iCommerce(e) |
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Singapore |
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Investment company |
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— |
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— |
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— |
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100.0 |
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Voyager Fintech Ventures Pte. Ltd., or Fintech Ventures (formerly eInnovations Ventures Pte. Ltd., or eVentures)(f) |
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Singapore |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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Fintqnologies Corporation, or FINTQ(g) |
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Philippines |
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Development of financial technology innovations |
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— |
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100.0 |
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— |
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100.0 |
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Fintq Inventures Insurance Agency Corporation(h) |
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Philippines |
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Insurance company |
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— |
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100.0 |
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— |
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100.0 |
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ePay Investments Pte. Ltd., or ePay |
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Singapore |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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PayMaya Philippines, Inc. or PayMaya |
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Philippines |
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Provide and market certain mobile payment services |
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— |
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100.0 |
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— |
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100.0 |
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PayMaya Operations Philippines, Inc., or PayMaya Ops |
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Philippines |
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Market, sell and distribute payment solutions and other related services |
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— |
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100.0 |
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— |
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100.0 |
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ePay Investments Myanmar, Ltd., or ePay Myanmar(i) |
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Myanmar |
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Investment company |
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— |
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100.0 |
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— |
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— |
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3rd Brand Pte. Ltd., or 3rd Brand |
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Singapore |
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Solutions and systems integration services |
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— |
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85.0 |
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— |
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85.0 |
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Wifun, Inc., or Wifun(j) |
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Philippines |
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Software developer and selling of WiFi access equipment |
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— |
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100.0 |
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— |
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100.0 |
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Telesat, Inc.(k) |
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Philippines |
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Satellite communications services |
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100.0 |
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— |
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100.0 |
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— |
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ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines |
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Philippines |
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Satellite information and messaging services |
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88.5 |
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11.5 |
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88.5 |
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11.5 |
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Digitel Mobile Philippines, Inc., or DMPI, (a wholly-owned subsidiary of Digitel) |
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Philippines |
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Cellular mobile services |
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— |
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99.6 |
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— |
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99.6 |
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Fixed Line |
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PLDT Clark Telecom, Inc., or ClarkTel |
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Philippines |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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PLDT Subic Telecom, Inc., or SubicTel |
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Philippines |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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PLDT Global Corporation, or PLDT Global, and Subsidiaries |
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British Virgin Islands |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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Smart-NTT Multimedia, Inc.(k) |
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Philippines |
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Data and network services |
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100.0 |
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— |
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100.0 |
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— |
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PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group |
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Philippines |
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Telecommunications services |
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100.0 |
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— |
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100.0 |
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— |
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Talas Data Intelligence, Inc., or Talas |
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Philippines |
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Business infrastructureand solutions; intelligent data processing and implementation services and data analytics insight generation |
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100.0 |
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— |
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100.0 |
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— |
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ePLDT, Inc., or ePLDT: |
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Philippines |
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Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services |
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100.0 |
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— |
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100.0 |
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— |
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IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group |
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Philippines |
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Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services |
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— |
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100.0 |
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— |
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100.0 |
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Curo Teknika, Inc., or Curo |
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Philippines |
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Managed IT outsourcing |
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— |
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100.0 |
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— |
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100.0 |
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ABM Global Solutions, Inc., or AGS, and Subsidiaries, or AGS Group |
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Philippines |
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Internet-based purchasing, IT consulting and professional services |
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— |
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100.0 |
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— |
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100.0 |
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ePDS, Inc., or ePDS |
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Philippines |
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Bills printing and other related value- added services, or VAS |
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— |
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67.0 |
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— |
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67.0 |
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netGames, Inc.(l) |
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Philippines |
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Gaming support services |
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— |
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57.5 |
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— |
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57.5 |
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Digitel: |
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Philippines |
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Telecommunications services |
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99.6 |
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— |
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99.6 |
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— |
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Digitel Information Technology Services, Inc.(k) |
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Philippines |
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Internet services |
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— |
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99.6 |
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— |
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99.6 |
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PLDT-Maratel, Inc., or Maratel |
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Philippines |
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Telecommunications services |
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98.0 |
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— |
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98.0 |
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— |
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Bonifacio Communications Corporation, or BCC |
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Philippines |
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Telecommunications, infrastructure and related VAS |
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75.0 |
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— |
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75.0 |
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— |
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Pacific Global One Aviation Company, Inc., or PG1 |
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Philippines |
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Air transportation business |
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65.0 |
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— |
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65.0 |
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— |
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Pilipinas Global Network Limited, or PGNL, and Subsidiaries |
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British Virgin Islands |
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Internal distributor of Filipino channels and content |
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64.6 |
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— |
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64.6 |
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— |
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Others |
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PLDT Global Investments Holdings, Inc., or PGIH |
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Philippines |
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Investment company |
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100.0 |
|
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— |
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100.0 |
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— |
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PLDT Digital Investments Pte. Ltd., or PLDT Digital, and Subsidiaries |
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Singapore |
|
Investment company |
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|
100.0 |
|
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— |
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100.0 |
|
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— |
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Mabuhay Investments Corporation, or MIC(k) |
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Philippines |
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Investment company |
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67.0 |
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— |
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67.0 |
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— |
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PLDT Global Investments Corporation, or PGIC |
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British Virgin Islands |
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Investment company |
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— |
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100.0 |
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— |
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100.0 |
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PLDT Communications and Energy Ventures, Inc., or PCEV |
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Philippines |
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Investment company |
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— |
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99.9 |
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— |
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99.9 |
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(a) |
On July 11, 2017, the Accounting and Corporate Regulatory Authority, or ACRA, of Singapore approved the change in business name of eInnovations Holdings Pte. Ltd. to Voyager Innovations Holdings Pte. Ltd. |
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(b) |
On December 29, 2017, the ACRA of Singapore approved the change in business name of Takatack Holdings Pte. Ltd. to Voyager Innovations Investments Pte. Ltd. |
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(c) |
On March 6, 2018, the ACRA of Singapore approved the change in business name of Takatack Technologies Pte. Ltd. to Voyager Innovations Singapore Pte. Ltd. |
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(d) |
On April 12, 2016, Takatack Malaysia was incorporated in Malaysia to provide development, maintenance and support services and sales and marketing. |
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(e) |
On December 14, 2017, VIH sold its 10 thousand ordinary shares in iCommerce to PLDT Online for a total purchase price of SGD1.00. |
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(f) |
On January 12, 2016, the ACRA of Singapore approved the change in business name of eVentures to Voyager Fintech Ventures Pte. Ltd. |
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(g) |
On April 27, 2016, Voyager incorporated its financial technology unit FINTQ to focus on mobile-first financial technology platforms. |
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(h) |
On December 19, 2016, Fintq Inventures Insurance Agency Corporation was incorporated in the Philippines to engage in business as an insurance agent for the distribution, marketing and sale of insurance products such as life, non-life, accident and health insurance and pre-need projects and services. |
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(i) |
On July 25, 2017, ePay Investments Myanmar, Ltd. was incorporated in Myanmar to engage in the business of providing support services on the development and provision of digital technology. |
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(j) |
On November 25, 2015, Smart acquired the remaining 13% noncontrolling shares of Wifun for a total purchase price of Php10 million, of which Php7 million and Php3 million were paid on November 25, 2015 and February 29, 2016, respectively. |
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(k) |
Ceased commercial operations. |
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(l) |
Ceased commercial operations and under liquidation due to shortened corporate life to August 31, 2015. |