PLDT Soars 18.27% on SIM Card Initiative

On March 24, 2025, PLDT's stock price surged by 18.27% in pre-market trading, marking a significant rise in investor confidence.

PLDT, in collaboration with Smart, has launched an initiative to distribute over half a million SIM cards to remote areas in the Philippines. This program, part of the government's digitalization push, aims to provide 25GB of data to each recipient, targeting 510 locations including schools and government offices. This move is expected to enhance connectivity and support the government's efforts to bridge the digital divide.

PLDT and Smart's initiative to distribute SIM cards is part of a broader effort to empower communities through improved digital access. The program not only supports the government's digitalization goals but also aligns with PLDT's commitment to social responsibility and community development. This strategic move is likely to bolster investor confidence in the company's long-term growth prospects.