User:DevAtPTT/sandbox

DRAFT
Philippine Telegraph and Telephone Corporation (PT&T), is one of the major telecommunications services provider in the Philippines since its founding in 1962. The company caters to corporate, small/medium business, and residential segments across the country.

As a result of growth of wireless/mobile systems and the rise of broadband internet demand, PT&T continues to specialize in adapting its services to the particular needs of its enterprise and institutional end users. At present, PT&T’s business activities are categorized into two major businesses: Connectivity and IT Services.

Connectivity business is focused on providing broadband high-speed internet or dedicated internet access using fiber optic cables, with speeds reaching up to 1 Gbps. Wireless connectivity options also available.

Apart from telecommunications, PT&T has a broader goal not just providing connectivity requirements, but also becoming a full suite digital services provider. Through its IT Services business, the company now provides a wide range of offerings under Connectivity, Security and Availability, and Information Technology Solutions segments.

History
PT&T was incorporated on October 16, 1962 and subsequently registered with the Philippine Securities and Exchange Commission on November 14, 1962 under the laws of the Philippines. On October 19, 2012, at the Special Stockholders’ Meeting, the stockholders representing at least two-thirds of the outstanding capital stock approved the amended articles of incorporation extending the corporate term for another 50 years until November 14, 2062 which was subsequently approved by the SEC on November 26, 2012.

PT&T was granted a 25-year national legislative franchise on June 20, 1964 under Republic Act (“RA”) No. 4161, as amended by RA Nos. 5048 and 6970. On July 21, 2016, under RA No, 10894, the Company was granted an extension of its franchise for another 25 years. PT&T’s franchise allows the Company to establish, install, maintain and operate wire and/or wireless telecommunications systems, lines, circuits and stations throughout the Philippines for public domestic and international communications.

PT&T listed on January 10, 1990 for the trading of its common shares but requested voluntary suspension of trading effective December 13, 2004.