Philippines Telecom Market Report and Forecast 2025-2034

Philippines Telecom Market Size

The Philippines telecom market reached around USD 6.13 billion in 2024. The market is projected to grow at a CAGR of 4.1% between 2025 and 2034 to reach nearly USD 8.80 billion by 2034.

Philippines Telecom Market Outlook

• The total number of mobile subscribers in the Philippines is expected to reach 159 million by 2025.

• In May 2021, the mobile internet speed in the Philippines was 31.98 Mbps.

• By 2025, the total number of broadband subscribers in the Philippines can reach 10.8 million.

Philippines Telecom Market Growth

As per the National Telecommunication Commission, the Philippines has nearly 23,000 cell sites, which is lower than its neighbouring counterparts like Vietnam (90,000) and Bangladesh (30,000). As per the Asian Development Bank, the Philippines needs to establish 60,000 additional cell towers by 2031 in its GIDA (Geographically Isolated and Disadvantaged Areas). As per the World Bank, though the Philippines has the most expensive rates for internet subscriptions in Southeast Asia, the speed of connectivity is relatively slow as compared to other countries like Singapore, Thailand, Brunei, and Malaysia. Therefore, the Philippines needs to invest nearly $1.1 billion to expand the coverage of fibre optic networks in the country.

Improvements in the regulations of telecom are expected to facilitate the market growth. In May 2020, the Philippines’ Department of ICT introduced the Common Tower Policy, which is expected to drive the coverage of mobile networks in the country. Besides, the DICT and BCDA (Bases and Conversion Development Authority) are collectively executing the National Broadband Plan worth $20 million, which includes the National Free Wi-Fi Program, Common Tower Policy, and satellite overlay under its ambit.

Philippines Telecom Industry Segmentation

Philippines Telecom Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

• Fixed Voice Services

• Fixed Internet Access Services

• Mobile Voice Services

• Mobile Data Services

• Pay-TV Services

• Machine-to-Machine (Mobile IoT) Services

Market Breakup by Transmission

• Wireline

• Wireless

Philippines Telecom Market Share

Based on services, the market is segmented into fixed voice services, fixed internet access services, mobile voice services, mobile data services, Pay-Tv services, and mobile IoT services. Over the forecast period, machine to machine (mobile IoT) services are expected to grow at a CAGR of 5.1%, due to rapid technological advancements.

Leading Companies in the Philippines Telecom Market

To expand its public broadband infrastructure and boost connectivity in far flung areas, the World Bank has provided the Philippines with a grant of PhP 16.1 billion to accelerate the rollout of the Philippines Digital Infrastructure Project.

• PLDT Inc.

• GLOBE TELECOM, INC.

• DITO Telecommunity Corporation

• CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.

• Eastern Telecommunications Philippines, Inc.

• SKY Cable Corporation.

• NOW Corporation

• Others

Key Highlights of the Report

Philippines Telecom Market Report Snapshots

Philippines Telecom Market Size

Philippines Telecom Market Growth

Philippines Telecom Market Share

Philippines Telecom Companies