2Q08 Philippines Mobile Forecast, 2008 - 2010: PLDT and Globe Telecom Continue to Enjoy High EBITDA Margins in the Growing Wireless Market

Business Wire, May 21, 2008

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c92420) has announced the addition of "2Q08 Philippines Mobile Forecast, 2008 - 2010: PLDT and Globe Telecom continue to enjoy high EBITDA margins in the growing wireless market" to their offering.

This Mobile Forecast on Philippines provides over 65 operational and financial metrics for the Philippines wireless market. We cover quarterly historical data starting in 4Q2003 and ending in 4Q2007. We also provide four-year forecasts at the operator level going out to 2010. Operators covered for Philippines include: Globe, PLDT, and Digitel (rough estimates only). Our Mobile Forecasts are updated quarterly and are available for one-time delivery or through regular updates.

Notable highlights of the 2Q08 Philippines Mobile Forecast include:

* In 2010, we are forecasting the average operator-wide ARPU in the Philippines to be US$ 5.16 per user.

* We are revising our total subscriber forecasts. We now predict that total subscribers in the Philippines will increase from our currently projected 61.6 million in 2008 to a forecasted 70.5 million (61 million in our 1Q08 forecast) in 2010.

* Globe and PLDT will continue to dominate the wireless market in the Philippines. Our models are forecasting market shares by subscribers will be 38.4% for Globe and 53.8% for PLDT in 2010. Digitel will also roughly maintain its existing market share of 7.5%.

* EBITDA margins for Globe and PLDT will continue to be in the range of 62% - 65% over the next few years.

Companies Covered in this Country Mobile Forecast

Globe

PLDT

Digitel (rough estimates only)

For more information, visit http://www.researchandmarkets.com/reports/c92420

Source: IE Market Research Corp