Phl fixed line market to hit $4.7 B by 2028

Filipinos are keeping their cable lines connected for at least until the end of the decade, and this is seen to expand the fixed communication market by five percent annually until 2028.

- ELIJAH FELICE ROSALES

The fixed line market is expected to survive, and even thrive, in the Philippines in the long term, even as more and more Filipinos are connecting to the internet through mobile.

GlobalData forecasts that fixed communication services in the country would grow by more than five percent yearly until they hit $4.7 billion in 2028 from $3.7 billion in 2023.

GlobalData telecom analyst Srikanth Vaidya said the market would be driven primarily by demand for broadband bundles. Based on GlobalData's estimates, the fixed voice industry will grow flat until 2028, while broadband will increase by six percent during the period.