PT&T hires former IBM Philippines head as CEO to bolster management team
Philippine Telegraph and Telephone Corp. has named former IBM Philippines president James Velasquez as its new president and CEO to drive growth .
Prior to his appointment, Velasquez, a graduate of Electronics and Communications Engineering from the University of Sto. Tomas, spent nearly three decades at IBM.
He was responsible for the overall IBM business operations in the country and led the company to significant growth in both domestic and global offshore services.
Also appointed was Renato Garcia, an experienced leader in the telco industry, as member of the board of directors of PT&T.
The appointment of Velasquez and Garcia is vital to the business strategy and future plans of PT&T, which is vying to become the third major telecom player in the country
?We believe PT&T is in an ideal position to vie for the third telco slot given its technical expertise, solid track record and infrastructure to back it up,? Velasquez said.
PT&T has operated as a full service telco in the wired and wireless space for over five decades and established the first national digital backbone in 1980.
The company also holds a 25-year franchise to establish and noperate both wired and wireless telecommunications systems for domestic and international communication in the Philippines.
“PT&T plans on expanding its pure fiber footprint outside Metro Manila through its enterprise broadband offering as well as service the residential market within this year. Targeting both the residential and business segments is a plan we are keen on executing regardless of the third telco player outcome,? Garcia said.
PT&T?s broadband service is currently available in the Greater Manila Area, Northern and Southern Luzon.