Good afternoon, and welcome to the PLDT Conference Call. This call is being recorded. At this point, I would like to turn you over to Melissa Vergel de Dios, Head of Investor Relations of PLDT for the introductions. Please go ahead. Thank you.

Good afternoon and thank you for joining us today to discuss the company's Financial and Operating Results for the Full Year Of 2019. As mentioned in the conference call invitation, a copy of today's presentation is posted on our website. For those who have not been able to do so, you may download the presentation from www.pldt.com, under the Investor Relations section. A podcast of this briefing will be available at our website after the call. For today's presentation, we have onstage members of the PLDT group management team namely; Mr. Al Panlilio, Chief Revenue Officer, and President of Smart Communication; Ms. Anabelle Lim Chua, Chief Finance Officer; and Ray Espinosa, Senior Adviser to the Chairman and CEO. At this point, let me turn the floor over to Ms. Anabelle Chua to start the presentation.

Thank you, Melissa. Welcome everyone to PLDT's full year 2019 results briefing. Let me first run you through the key highlights of our results for the fourth quarter of 2019. We’re pleased to report that our fourth quarter service revenues cross the PHP40 billion mark and came in at PHP41.4 billion, which is 10% or PHP3.8 billion ahead of prior year and 5% or PHP1.8 billion higher than the third quarter. Breaking this down by business segment, revenues from our wireless individual business rose by 18%. Enterprise came in 3% higher and Home business is up 6% over prior year. Even our International segment saw an increase of 6% year-on-year. Compared to the third quarter, our Individual service revenues increased by PHP1.2 billion, Home’s up by PHP0.4 billion and Enterprise higher by PHP0.2 billion. With the increase in revenues coupled with lower OpEx, our fourth quarter EBITDA grew by 39% to hit PHP22.8 billion, even without the benefits of PFRS 16, the new accounting standard for leases, our fourth quarter EBITDA was higher year-on-year by 33%. As a result of higher EBITDA, our telco core income, which excludes the Voyager results rose to PHP7.7 billion in the fourth quarter, the highest quarter for the year. Turning now to our full year 2019 financial results, our service revenues came in at PHP167.7 billion plus 8% or PHP11.9 billion ahead of prior year. Revenue growth was led by the Wireless Individual business with 20% boost in service revenue to PHP72.1 billion. Our Enterprise business group posted steady growth with a 5% increase over the previous year to hit PHP39.2 billion. Our Home segment grew to PHP37.2 billion, up 3% year-on-year as we ramp up our install capacities. On a combined basis, our Consumer and Enterprise Segment revenues, which account for 94% of…

Thank you, Anabelle. Good afternoon to all and MVP. Thank you for being here also today to be with us. I just wanted to just highlight, I guess the summary what Anabelle said earlier in terms of 2019 performance. We did achieve PHP157.5 billion revenues last year, growth of almost PHP12 billion or 8% compared to 2018 and broken down into the four pillars in individual, contributing PHP72 billion last year, 20% increase versus same period of 2018. That's almost an increase of PHP11.8 billion. Home grew by a modest 3% or PHP37.2 billion. Enterprise also grew modestly at 5% at 39.2 and International 9 billion. When I came in about eight months ago, I did say that there were three focus areas last year that I wanted to just focus on revenue growth, driving these adoption, targeting passion points, individual home and international segments what enterprise grew where this beyond its core products. We also -- I also said that we will focus on CX optimization customer experience. And we started implementing operational efficiencies in Home business to and hopefully an enhance installation repair process, really focusing on service delivery, improving installation rates, addressing insurance and strengthening leadership in the Home segment. So we have spend five in those directions and because of that, they think they've been able to deliver the promise revenues last year. For 2020, as we embarked, of course, the expectation of MVP in the board is to increase performance and drive growth again in 2020. But if I may just share the key initiatives for us in 2020 across the four pillars. For individual, we continue to drive customer engagement to customer, who get the offers to support the different passions and the interest. So this is really more personalized service across our customer…

Just by way of recap in terms of our view for 2020. As indicated earlier, we have set aside PHP83 billion for CapEx spend this year, PHP64.6 billion for network, IT and other general CapEx and PHP18.5 billion for installations related to business grow. We expect the upward momentum in our revenues to continue across the wireless home and enterprise segments and expect our Telco Core Income to be higher in 2020 then 2019, but we are not giving a firm number in terms of our profits guidance at this point in time just given a lot of uncertainties in the current environment. So, hopefully maybe when we see each other in May or sometime middle of the year, we'll be able to give you a better sense of what to expect for this year by way of the core profit, but certainly our expectation is that it will be a better year in terms of Telco Core Income in 2020 then 2019. And last year of course, we offered our dividend payout of 60%. Melissa?

We’re now ready to take your questions. We’ll first take questions from those who have joined us through the conference facility before we take questions from the floor. Operator?

The floor is now open for your questions. [Operator Instructions] Our first question comes from Arthur Pineda from Citi. Your line is now open.

Hi, thanks for the opportunity. Three questions please. Firstly, can I clarify your CapEx have been rising for the last two years, yet your DNA expenses have actually been shrinking over the last few years which appears to be counterintuitive. What's driving this divergence? And where should we see this heading into 20? Second question I had is with regard to the labor costs you put in PHP2.4 billion MRP charges this year. How much should that reduce your labor costs into the next year? And do we expect more MRP charges as well? Last question I had is with regard to what you're seeing on the ground on competition. Are you seeing any progress from your competitors network build out? When I say competitor, I mean this the new operator. Thank you.

I'll probably take the first two questions and then I'll hand over the third one. So, on the depreciation expense, it will be higher in 2020 then 2019. Now, if you kind of look back over the last couple of years, there were certain times when we had accelerated a depreciation of certain items that have -- might may have increased the number. So, there was -- I don't know exactly now, there was a year, where we had to depreciate the Metro Manila wireless network when we swap out of the previous provider into Huawei platform. That was one big one that we had. I don't remember what year it was, 2017 or -- 17, right? Yes. And then a few other things along the way. But, certainly, with the higher CapEx, the depreciation expense will be higher. Now on the labor MRP costs that was actually $3.3 billion in 2019, although there was smaller amounts of in think $1.7 billion or $1.8 billion in the year before that. So, essentially, we continue to look at how we can be more efficient in terms of our manpower. But when you look at what we do, it allows us to be able to support a certain level of increase in our content benefits by doing a bit on the right-sizing. We did hire more employees in 2019 as a result of some of the developments along the contractualization issue. But in terms of just the amount, the people who aspire tend to have much higher salary based on the people that we hire, so overall we're able to manage the overall manpower costs that way. May, Al, can take the next one.

On your third question on the competition, I guess, for the third player, DITO, we just know what the -- also really in the media and I guess we know they have a plan to rollout in -- my guess is, just follow their own plans. For Globe, obviously, I'm sure they're not sleeping and they will continue to also enhance their network. I guess our focus is in -- based on your first question on CapEx, I think our focus is also just making sure our network is better than our competition. And I think we have gotten recognition that we are the fastest and the widest nationwide network today and we will continue to drive that obviously and be ahead of the curve. Our main priority really is to ensure that the customer experience is remain at the level that satisfies our existing base. And we will continue to invest in our network.

Yes. Thank you very much.

Thank you, Arthur. Our next question comes from Ranjan Sharma from JPMorgan. Your line is now open.

Hi. Good afternoon and thank you for the presentation. Two questions from my side. Firstly, what is the disruption that you're seeing or think that could come through from COVID-19 which does not allow you to give a guidance for this year? Because, I think, we are seeing telcos around the region who have been giving guidance for 2020. The second one is, I think, you mentioned the use case of 5G is esports and mobile gaming. And that's quite interesting, because I don't think I've heard other companies talk about it, unless it's cloud gaming, but that becomes a very, very developed market use case. So how do you think you will be able to monetize gaming, especially because of 5G services? Thank you.

I'll have, Jane, who heads our wireless business answering the question on the 5G.

Hi, good afternoon. We've actually been working with our technology and networking to plan out a rollout strategy for 5G this year. We are targeting a few thousand sites. But given the limitation of that deployment, our priority is to actually roll-out those sites in areas where we feel there's a high incidence of high end handsets, because these are the guys that will probably be able to pay for 5G services, which we expect to be charged at much higher prices than 4G given that this is the new investment in CapEx. We've also planned to actually roll-out outside 5G facilities in esports hub. In manila, in particular, we're looking at partnerships with companies like brand and their concepts in the next TNT, because these are the guys that actually have a need for 5G networks as they do compete in games like mobile legends and other mobile based games. Just an example, we actually did the first live esports competition, running on a 5G network here in Makati. It was a -- it was a competition between PLDT, Smart Omega and signal live -- it is a live fight and it was running on powered by our 5G network. And that particular experiences prove that the latency for the game was as low as three millisecond and it was an average of actually five milliseconds. Whereas, if we were to play it in a primary environment, you would typically play with the latency of around 9 milliseconds around 11, so that was a good, successful trial of the network.

On your first question, I am not to clear about the question, but you’re talking about the disruption. I think today when, when you talk about coronavirus affecting our question. So we don’t see much of that really in -- a supply chain. Also, maybe little disruption maybe on the Pogo side, but it still also very small. But in terms of maybe first two months of the year, we are doing well. So maybe most probably after the first quarter, we can give some guidance on how the year will look like.

Okay. Maybe a follow up question for the 5G use case. Do we actually need like five, five milliseconds latency or seven millisecond latency? I thought many of these games can operate at 50 milliseconds, latency. So do gamers actually need that that kind of latency? And will they pay for it? Just wondering, if how you monetize your 5G investment?

Juan, will answer the question, but, I mean, this is my view also. I mean, I think again, we really want to test this use cases and that's why we're going to all these pilots and hopefully, obviously, the -- our objective is to monetize 5G also. Juan?

I think the question you have to ask the gamers, of course, but they have been very excited about the low latency, because the lower the latency, the better, the smoother the gaming experience, and it's really about how fast the screen react to my push of the button or move of the joystick or whatever it is. And it has been proven that, if the latency is super low, ideally zero, that's the best experience. And if it's half compared to what it was before the gamers actually feel it, they love it, and that's then where they are going. And so do they need it? I don't know, but they love it.

Okay. Thank you.

Thank you, Ranjan. Our next question comes from Rama Maruvada from Daiwa. Your line is now open.

Hi, good afternoon. I have a couple questions, please. Firstly, with regards to the full financials, I apologize for this. I can't find the divisional breakdowns. I'm just wondering when they would be made available? And with regards to these two questions, number one is your overall cash position, it looks like for 2020 given $83 billion in CapEx, you're going to be free cash flow negative. So just wondering how you're thinking about managing the business on a cash basis for 2020? Are there any asset divestments or non-core assets that you still have that you could monetize? Second one is with regards to the revenue growth in fourth quarter vis-à-vis the third quarter, unclear to me if it is led by mobile. I assume that is the case? And if that is -- that -- if that is the case, then wondering what is the driver, are there any specific promotions that happened in the fourth quarter led that -- led to this revenue growth? The third one is, with regards to your costs side, again just following up on Author's questions, are there any other major items or initiatives that you have for 2020 in terms of the cost trends, that is, are there any cost saving initiatives that could potentially come through or vis-à-vis are there any other one-offs that you expect to 2020? Thank you.

Rama, the footsteps of MDM and financial statements should be available today. I think it's just we’re filing as a Philippine SEC and it will be uploaded as soon as that is confirmed, if I didn’t here. I think the question on the free cash flow, certainly with higher CapEx is an expectation that EBITDA will rise. Now as we highlighted 18.5 of that CapEx are more than 20% of that is sales driven. So as you saw in 2019 we gave a higher number before to the extent we connect, we encourage to the extent we don't connect, we don't encourage much. But for everything that we connect and spend for; effective is a live customer, at the end of the day who will pay us a monthly recurring revenue that will support that spend. So that's kind of the way we look at -- that type of CapEx reference cash fairly quickly. Now, we do recognize that there are still some supplementary activities we need to do with respect to asset sales. So there are a number of initiatives going on. We have identified at least 5 real estate properties that we are in the midst of disposing, two or three of them might close actually as early as this first quarter. And there are -- we could raise a few billion pesos from that. So I guess, maybe jump into the third question, before we go back to the mobile drivers. And the cost side, yes, aside from manpower induction program which is something effectively, we continue to undertake, we continue to review our manpower compliment, where we can be more efficient. What are the new ways of working? We continue also to look at the efficiency of our -- for example -- are installed and with their activities, we are tracking very closely how much each person or each crew able to deliver per day. So there are certain metrics that we have set internally for our home and enterprise crews and we track it down area by area in terms of what kind of productivity achieving? What kind of sports do they need to support, you know, faster dispatch, what kind of customer support systems do we need to put in place, so that we can address also more quickly the source of trouble for example, for our customers? So there are lots of things we need to do on the operation side across all the businesses to improve our efficiency, our turnaround time, our cost base and effectively, not just the cost but our ability to provide a better customer experience to our customers. So that's kind of a key initiative -- one of the key initiatives the group has -- I think I highlight it under the heading operational excellence as one of the encore priorities for the business this year.

For the fourth quarter of 2019, there are actually two primary drivers of the growth of data revenues. The first is there's actually a higher migration of -- from 2G to 3G -- 2G, 3G phones to LTE devices. That is actually a portion they're also doing on ground. Secondly, there's also a higher adoption of our data, promo code stories for -- this is a bundle of social media apps, which includes Facebook, Instagram, and TikTok. So those were the primary drivers.

I think just to add on the wireless, I think, the basket size per subscriber also increased about 20% and also the number of customers who are topping up referrals are high.

And those promos under the Giga portfolio are actually being sold anywhere between PHP50 to high of PHP499. So imagine the legacy promos on the tower being sold anywhere between PHP10 to PHP30. So it should be an upward migration to a higher value data promos.

Okay, got it. Thank you very much. I'll come back again.

Thank you, Rama. Our next question comes from Arthur Pineda from Citi. Your line is now open.

Hi. Sorry, just one follow-up related to Rama's earlier question on free cash, it seems that you've been borrowing to sustain the 60% payout, and that will likely sustain into 2020, given that your CapEx is even higher. How comfortable are you with a 60% payout and how sustainable is this over the longer run? This is the final year basically where we see CapEx growing to this level? Thank you.

I think Arthur like to highlight that our net debt-to-EBIT ratio stood at two times and that’s where we've guided that that's where we're comfortable with, right. So effectively, we've not sort of gone off from that guidance that we've given in terms of the leverage that we are carrying. So effectively, yes, we are investing behind our network and our IC platforms and we’re incurring CapEx. We do -- we have affirmed the dividend guidance and we are at the same time maintaining our leverage ratios in line with our policies. So we're trying to do everything right.

Understood. Okay, thank you.

Thank you, Arthur. At this time, there are no further questions. Speakers, please continue.

We’ll take questions from the floor. There are microphones on the floor if you would like to ask question. No questions?

Hi, good afternoon. Thanks for the briefing. First question is related to the home broadband segment. I think during the last nine months, you mentioned that you're going to roll out the fixed wireless service. So I would like to get an update or how's that development going and then still going to ask about the promos. Right now your mobile data revenues at 52 billion, so get the competitor around, down by around 19 billion. So how do we catch up that gap? How do we slowly close that gap between you guys and the competitor? What steps are we moving to in the mobile data space? And then I also forgot on the home broadband. You mentioned the churn rate of subscribers I think was around 27,000, 28,000 per month. Has the churn rates gone down? And should we expect the growth rate of the home broadband to go back from around 8% to 10%, again back in previous years.

Now, I’ll let, Butch, answer the home broadband questions.

Good afternoon, I think in the last briefing, I did say that from one weapon, which was really just fiber, we're going to move into three weapons that women at back 2020 with and one of them was prepaid home WiFi. We just started launching prepaid home WiFi towards the end of last year. And so the growth in that space was a little bit muted. No, maybe about 10,000, 11,000 subs. However, good news for the opening of 2020, we're actually already hitting nearly 25,000, 30,000 subscribers a month and that's huge for prepaid home WiFi for PLDT because we've not even come out with a mature and fully structured channel for selling that. But we're already hitting about that level 30,000 or so. We think that's going to continue to go up. We haven't even launched postpaid home Wi Fi as well or fixed wireless. The moment we launched that then you're going to now see all three weapons going after the market. So definitely prepaid, fixed wireless doing well, doing better than what we expected. In terms of the churn, churn, same I think the last time I talked to everybody, we showed you that the churn for fourth quarter there was a churn of about even 29,000 for that month. January was a bit difficult for us, primarily because of certain post-major issues like the Taal volcano eruption, and also our churn was at about 27,000. However, when we started looking at our operational deficiencies, and we've started making moves towards fixing the operational programs of PLDT, churn for February is probably going to be under 24,000, 23,000 maybe even under 22,000 or so. Definitely strong push for churn, strong advancements on the churn, so it's setting us up for a quite a strong 2020. Now guidance for the full year 8%. Are we going to go back to the 8%? We're really going to try to push for higher than that. We'll see eventually what we can do but the starting was strong for home.

Just to add to that, I think there's a major influence Anabelle, you did to the installation repair. We're focusing a lot of our efforts also in making sure that we're able to address those issues. Again, customer experience is our mantra. And we're really pushing hard and making sure that you know, we're more productive and we're able to address general repairs basically that into our churn.

It's actually not the secret that the competitors started pushing the data services and digital services much earlier than we did. In fact, one of the primary platforms for buying digital promos, beta promos which we call USSP something that they launched, I think around six to seven years ago as we launched ours only last year. So to be quite honest, the beta adoption amongst our base actually came in quite late, but we're very, very excited because on a year-on-year basis we're seeing very, very strong growth in terms of the adoption of all our promos, the utilization of our USSP has increase on an 85% on the year on year basis and it still just accounting for less than 50% of our total transactions. So there's a lot of goals that we are actually looking forward to as we upgrade more subscribers into owning LTE phones and LTE SIMs and learning more and more about our developers.

Thank you.

More questions on the floor before we go back to the quantum facility.

Our question over the phone comes from Rama Maruvada from Daiwa. Your line is now open.

Hi, I have a quick follow up on the broadband space please, I know you have launched fixed wireless broadband products. Just wondering, what the broader strategy here is, you have, like globe in terms of articulating a strategy on wireless, broadband fixed wireless broadband. So wondering whether there's a change in heart here or how do you -- how do you scope the opportunity ahead for you for 2020 on this?

Well, since we do have like I shared earlier, we do have three strong weapons now that we're launching. We have the fixed and the prepaid and postpaid fixed wireless. We need to come out with a strategy that will maximize all three or optimize all three and make sure that cannibalization -- a cannibalization doesn't happen. Secondly, congestion of our wireless network doesn't happen. So the strategy that we are putting forth is to make sure that we continue to grow fixed wireless. Sorry, we continue to grow fix because that is really the driver of our revenue, number one. That is where we have a huge competitive advantage. And not -- none of our competitors at this point in time comes close to us. For us to give that up as the number one priority of our strategy doesn't make sense. So that will continue to be the main focus of how we're going to grow the business. However, we now have both postpaid and fixed and prepaid/fixed wireless to be able to complement and supplement the growth of our fixed strategy. So how we're going to do that is, our postpaid fixed wireless is going to attack the areas where we do not have fiber, or where fiber is eventually going to be rolled out. We'll roll out our postpaid fixed wireless first. The prepaid fixed wireless is going to go after a lower segment of the market that cannot afford either postpaid fixed wireless or prepaid -- or our fixed fiber. So, generally, that's how we're going to attack the market, it's not going to be -- we'll let all the horses run and see how we can sell as many as we can everywhere and anywhere. It's really going to be a balanced calibrated attack to make sure that all our three weapons are optimized and maximize and therefore, both our facilities, our infrastructure, and our revenue will be maximized as well. So, that's how we're looking at it, that's how we're planning it, and that's how we're going to execute it.

Okay, got it. Thank you very much.

Thank you, Rama. Our next question comes from Herman [Indiscernible] Security. Your lines now open.

Hello. Good afternoon. Thank you for the presentation. Three questions from me. First on the CapEx figures. Just wanted to ask the reason why the target CapEx figures for 2019 was not met. Second, you mentioned lower losses for Voyager for 2019; just wanted to ask if there is a target timeline on when we can expect positive bottom-line contribution from this segment? Third question is should we expect any MRP expenses for 2020? And how much? That's all.

In terms of the 2019, we were PHP5.5 billion lower than the original guidance, so that essentially relates more to the business side. So, basically we had certain assumption in terms of how many new broadband connects we will have and we effectively undershot that. So, -- but the net effect of that is really pushing that PHP5.5 billion into 2020. On Voyager, there was a lower loss in 2019 given that we now equity account about 40% of Voyager versus we would carry 100% of Voyager losses in the past. The new management team of Voyager led by S.P. who is here today with us and they have laid out a business plan that has been signed off by all the shareholders with respect to where they want to bring the business. But we have a ramp up in the both the consumer and the enterprise side and I guess, they can talk about that in more details, but I think the expectation is that a few more years of cash burn as they ramp-up the acquisition targets, but hopefully to be positive EBITDA by around 2023. On MRP, we probably will still have some MRP expense this year, but not at the level that we booked last year. So, it will be more certain particular areas of our HR team is focused on.

Okay. Thank you.

Thank you, Herman. Our next question comes from Varun Ahuja from Credit Suisse. Your line is now open.

Yes, hi. Good afternoon management and thanks for the opportunity. I've got three questions. First, I think the line wasn't clear, but if you have answered that, it will be helpful if you can give little bit more color. The mobile service revenue looks strong this quarter and your guidance is also for a growth next year. Just wanted to understand what is leading to this growth. Is the competition stable, there has been price increases or there has been more frequent recharges by consumer on the data side and hence you are getting a growth in the revenue? So appreciate if you can give some more color. Apologies if you have already commented on this scene. And on 2020, any guidance, any clarity on what will lead to the growth in revenue? Second on the tower side, your competitor had a very good growth in tower in 2019. Just wanted to see how many towers have been rolled out during this year and had you seen some improvement in the rollout process or from the government side in terms of speeding up of license approval any clarity on that that will be helpful. And if you can also comment, I know you said that your data you know only what is happening on public side, whatever the comment they're making, but on the ground when you go and see is there any tower that you're seeing that have been coming across from data any color that will be helpful? And lastly, I see you're still spending on 3G, but in some of the other markets you see more investments on the 4G side and few markets are closing down the 3G network. So what's your view on this 3G CapEx spend and how soon do you think the 3G can shut down in Philippines. That will be all. Thank you.

Pangilinan, can take the questions.

What was the first question?

How many towers have been roll out this year?

Okay. Our tower roll out, we actually are increasing the number of towers we are building, while we at the same point in time moved the focus from outdoor to large towers more to indoor and microsat because of the significant traffic increase and more and more data usage is actually performed indoor less substantially increase. Of course, we are also working with tower companies and if there are opportunities where tower companies can help us, we will take these opportunities. On the 3G, that's interesting question. What we are actually really doing is reducing the frequencies we allocate for 3G and 2G. Thanks to the technology we have deployed in the Philippines in all our base stations we are actually able just by reconfiguration to allocate spectrum or reform spectrum from 2G and 3G to LTE and later even to 5G. So from that angle, we are already taking benefit from significant reduced having 2G. In 3G the traffic is actually stable as for the time being, but we are seeing the number of 3G phones going down rapidly. And as we match the LTE coverage with the 3G coverage by end of this quarter, there will be exactly the same coverage we expect more and more traffic moving out of 3G. Now the fact that we can reallocate the frequencies already doesn't actually put a lot of pressure off shutting these down completely. So that's something we have to find also consensus with the regulator because that is a significant impact on the customer base as well. But what we are doing is take the opportunity to take the spectrum which is the most important asset we have in this context and we allocate it wherever possible.

Anything that you're seeing on the tower deals?

I would say there are activities, the main thing we see, we cannot speak for DITO, of course. What we see is there's a lot of hiring going on or attempt to hire. And that's a challenge for some of us as contractors. The impact on us is limited, I would say. Until now, we can go back to it very well. We haven't seen a lot of towers coming up. We have heard a lot of claims, but in reality what we see down on the street is quite limited now. We don't know exactly where they are building. And so far it's a very subjective view. Until now, I don't think they have a lot built.

Thank you.

On the question on increase in data revenue, I think I've answered that, but allow me to answer it again. The primary growth drivers of the increase in data revenue is really because we've observed significant increase in activity rate among our subscribers. So we have more and more customers actually transacting with us and actually paying us. The second driver is the fact that they're actually paying us more. So on a per transaction basis, the consumption basket size has actually increased roughly around 23% on a year-on-year basis. So you have more customers buying and they're actually buying higher price per month. So the impact of that is increased data revenues and in fact increased top up for the business.

And just to add on the revenue setting as a group, I think, we see a good year in terms of revenues aside from mobile growth. I think, we're addressing the issues on Home, so we see also growth in 2020 in same exact prices. Our focus also is on operational side with also growing the business with our enterprise customers. So we, hopefully, are seeing a good year or same types of revenues for the group.

Off to the floor for more questions.

Just to follow up, so when you say that you're seeing a lot more activity and lot more higher price point. Where these customer dormant, or these are new customers, as in now there you're using more -- as in, they're spending now more with you versus your competitor. Is there any insight that you can give?

It's a combination. A lot of our subscribers are adopting LTE phones, a lot of our subscribers were previous data users, but non-video users. And we're actually getting some customers from global security in our postpaid segment as well. So it's a combination of all those things.

I'm not sure whether Anabelle has a chart on this. But on terms of data revenues, I think, for Home its 77% data, for Mobile its 69% and for Enterprise its 67%.

Okay. Thank you. Thank you very much.

Last chance for questions from the floor. If there are none, we'll have the operator read the replay facility.

Certainly. If there no further questions, we just want to inform everyone that the instant replay for today's call will be available starting today, up to March 12, 2020. The instant replay details are contained in the conference call invitation. We now turn the floor back over to Mr. Pangilinan [ph] for his closing remarks.

Again, thank you again for being here this afternoon, on behalf of MVP. And we look forward to the briefing after the first quarter. Thank you. Thank you very much.

Thank you. Join us for a session [Indiscernible]

And that concludes today's conference. Thank you for your participation. You may disconnect your line in your own time.