PLDT

Philippine Long Distance Telephone Company

The Philippine Long Distance Telephone Company (PSE: TEL, NYSE: PHI) typically referred to as PLDT, will be the biggest telecommunications corporation inside the Philippines.

When PLDT was given and incorporated the operation to operate and establish telephone services in the nation on November1928 and 28, a typhoon had just ravaged Eastern Visayas, Bicol Peninsula, and Samar. The opportunity to communicate amongst family members and across the nation became crucial. However, phone networks then were like disconnected intercom systems and you can only call someone inside your own small city. Filipinos were disconnected from neighboring towns, disconnected from friends within the other island and, of course, disconnected from all of those other world. It was under this scenario that this law was signed having a baby to PLDT.

Exactly what the new law hoped to accomplish would be to interconnect these “intercom” systems in a seamless nationwide network that would facilitate communication and delivery of services to those, as well as spur economic development within the countryside.

The initial president of PLDT was Theodore Vail Halsey while Major J.E. Hamilton Stevenot, who represented the American firm General Telephone and Electronics Corp. (GTE), was elected executive vice president and general manager.

Underneath the American people who own PLDT, many small phone companies within the states were attained with the Company to aid quicken the rollout and connection of those different telephone systems across the country. The control over PLDT ended up being set to lay the groundwork towards linking Filipinos to each other and, more importantly, to the world.