PLDT Communication and Energy Ventures

PLDT Communications and Energy Ventures Inc.
Company typePublic (PSE: PLTL)
IndustryCommunications Services
FoundedManila, Philippines (July 18, 1968)
HeadquartersMakati, Philippines
Key people
Manuel V. Pangilinan, Chairman
Napoleon L. Nazareno, President and CEO
ProductsCellular Telephony
Fixed-Line Telephony
RevenueP8.88 billion PHP (Increase17.67%) (June 30, 2008)
P5.2 billion PHP (Increase46.34%) (June 30, 2008) [1]
ParentPLDT
(Smart Communications)
Websitewww.piltel.com.ph

The PLDT Communications and Energy Ventures Inc. (PSEPCEV), formerly known as Pilipino Telephone Corporation or Piltel, is a holding company of the PLDT Group for its venture into the electricity distribution industry. Previously, it was one of the mobile and fixed-line telephone service providers in the Philippines. PCEV is 99.5%-owned by Smart Communications, a wholly owned subsidiary of the Philippine Long Distance Telephone Company (PLDT). The remaining 0.5% of PCEV's shares is owned by the Filipino investing public.[1] Through PCEV, PLDT forms a consortium with Metro Pacific Investments Corporation to form Beacon Electric Asset Holdings, Inc. which is the majority owner of Meralco.