PLDT Communication and Energy Ventures
| Company type | Public (PSE: PLTL) |
|---|---|
| Industry | Communications Services |
| Founded | Manila, Philippines (July 18, 1968) |
| Headquarters | Makati, Philippines |
Key people | Manuel V. Pangilinan, Chairman Napoleon L. Nazareno, President and CEO |
| Products | Cellular Telephony Fixed-Line Telephony |
| Revenue | P8.88 billion PHP (17.67%) (June 30, 2008) |
| P5.2 billion PHP (46.34%) (June 30, 2008) | |
| Parent | PLDT (Smart Communications) |
| Website | www.piltel.com.ph |
The PLDT Communications and Energy Ventures Inc. (PSE: PCEV), 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. 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.