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Property and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract] |
Summary of Changes in Property and Equipment Account | Changes in property and equipment account for the years ended December 31, 2024 and 2023 are as follows:
|  | Cable and wire facilities |  |  | Central equipment |  |  | Network facilities |  |  | Building and lease improvement |  |  | Vehicles, furniture and other network equipment |  |  | Information Origination Termination |  |  | Land and land improvements |  |  | IT systems and platforms |  |  | Security platforms |  |  | Property under construction |  |  | Total |
|  | (in million pesos) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value at beginning of the year |  |  | 81,227 |  |  |  | 384 |  |  |  | 101,941 |  |  |  | 7,979 |  |  |  | 3,654 |  |  |  | — |  |  |  | 4,122 |  |  |  | 18,794 |  |  |  | 1,162 |  |  |  | 67,840 |  |  |  | 287,103 |
Additions (Note 4) |  |  | 86 |  |  |  | — |  |  |  | 70 |  |  |  | 31 |  |  |  | 397 |  |  |  | — |  |  |  | — |  |  |  | 598 |  |  |  | — |  |  |  | 69,730 |  |  |  | 70,912 |
Disposals/retirements |  |  | — |  |  |  | — |  |  |  | (19 | ) |  |  | (1 | ) |  |  | (234 | ) |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (129 | ) |  |  | — |  |  |  | (384 | )
Reclassification |  |  | 31,435 |  |  |  | — |  |  |  | 33,692 |  |  |  | 542 |  |  |  | (809 | ) |  |  | — |  |  |  | 456 |  |  |  | 5,561 |  |  |  | 202 |  |  |  | (69,167 | ) |  |  | 1,912 |
Translation differences charged directly to cumulative translation adjustments |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Adjustments |  |  | — |  |  |  | (25 | ) |  |  | — |  |  |  | — |  |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (185 | ) |  |  | (185 | )
Impairment losses recognized during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (67 | ) |  |  | — |  |  |  | (67 | )
Depreciation and amortization (Note 3) |  |  | (11,484 | ) |  |  | (102 | ) |  |  | (19,178 | ) |  |  | (1,247 | ) |  |  | (1,063 | ) |  |  | — |  |  |  | (104 | ) |  |  | (7,742 | ) |  |  | (304 | ) |  |  | — |  |  |  | (41,224 | )
Net book value at end of the year |  |  | 101,265 |  |  |  | 257 |  |  |  | 116,506 |  |  |  | 7,304 |  |  |  | 1,971 |  |  |  | — |  |  |  | 4,474 |  |  |  | 17,210 |  |  |  | 864 |  |  |  | 68,218 |  |  |  | 318,069 |
As at December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 316,803 |  |  |  | 532 |  |  |  | 362,387 |  |  |  | 27,884 |  |  |  | 36,467 |  |  |  | — |  |  |  | 4,960 |  |  |  | 56,418 |  |  |  | 1,930 |  |  |  | 68,218 |  |  |  | 875,599 |
Accumulated depreciation, impairment and amortization |  |  | (215,538 | ) |  |  | (275 | ) |  |  | (245,881 | ) |  |  | (20,580 | ) |  |  | (34,496 | ) |  |  | — |  |  |  | (486 | ) |  |  | (39,208 | ) |  |  | (1,066 | ) |  |  | — |  |  |  | (557,530 | )
Net book value |  |  | 101,265 |  |  |  | 257 |  |  |  | 116,506 |  |  |  | 7,304 |  |  |  | 1,971 |  |  |  | — |  |  |  | 4,474 |  |  |  | 17,210 |  |  |  | 864 |  |  |  | 68,218 |  |  |  | 318,069 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value at beginning of the year |  |  | 70,957 |  |  |  | 3,606 |  |  |  | 101,963 |  |  |  | 6,646 |  |  |  | 4,157 |  |  |  | 34,786 |  |  |  | 4,272 |  |  |  | 10,798 |  |  |  | 133 |  |  |  | 55,427 |  |  |  | 292,745 |
Additions (Note 4) |  |  | 5,221 |  |  |  | 19 |  |  |  | 4,913 |  |  |  | 108 |  |  |  | 529 |  |  |  | 7,945 |  |  |  | 212 |  |  |  | 952 |  |  |  | 11 |  |  |  | 65,173 |  |  |  | 85,083 |
Disposals/retirements |  |  | (1 | ) |  |  | — |  |  |  | (17 | ) |  |  | (8 | ) |  |  | (119 | ) |  |  | — |  |  |  | (320 | ) |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | (471 | )
Reclassification |  |  | — |  |  |  | — |  |  |  | 1,311 |  |  |  | — |  |  |  | — |  |  |  | (24,470 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (15,269 | ) |  |  | (38,428 | )
Transfers and others |  |  | 14,484 |  |  |  | — |  |  |  | 10,245 |  |  |  | 2,291 |  |  |  | 321 |  |  |  | 204 |  |  |  | 68 |  |  |  | 8,364 |  |  |  | 1,210 |  |  |  | (37,187 | ) |  |  | — |
Translation differences charged directly to cumulative translation adjustments |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Adjustments |  |  | — |  |  |  | (3,055 | ) |  |  | — |  |  |  | 13 |  |  |  | 1 |  |  |  | (83 | ) |  |  | (45 | ) |  |  | 3,106 |  |  |  | 84 |  |  |  | (304 | ) |  |  | (283 | )
Depreciation and amortization from continuing operations (Notes 2 and 3) |  |  | (9,435 | ) |  |  | (186 | ) |  |  | (16,474 | ) |  |  | (1,071 | ) |  |  | (1,234 | ) |  |  | (18,382 | ) | (a) |  | (65 | ) |  |  | (4,420 | ) |  |  | (276 | ) |  |  | — |  |  |  | (51,543 | )
Depreciation and amortization from discontinued operations (Notes 2 and 3) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2 | )
Net book value at end of the year |  |  | 81,227 |  |  |  | 384 |  |  |  | 101,941 |  |  |  | 7,979 |  |  |  | 3,654 |  |  |  | — |  |  |  | 4,122 |  |  |  | 18,794 |  |  |  | 1,162 |  |  |  | 67,840 |  |  |  | 287,103 |
As at December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | 280,237 |  |  |  | 683 |  |  |  | 344,218 |  |  |  | 28,881 |  |  |  | 40,387 |  |  |  | — |  |  |  | 4,504 |  |  |  | 50,344 |  |  |  | 1,914 |  |  |  | 67,840 |  |  |  | 819,008 |
Accumulated depreciation, impairment and amortization |  |  | (199,010 | ) |  |  | (299 | ) |  |  | (242,277 | ) |  |  | (20,902 | ) |  |  | (36,733 | ) |  |  | — |  |  |  | (382 | ) |  |  | (31,550 | ) |  |  | (752 | ) |  |  | — |  |  |  | (531,905 | )
Net book value |  |  | 81,227 |  |  |  | 384 |  |  |  | 101,941 |  |  |  | 7,979 |  |  |  | 3,654 |  |  |  | — |  |  |  | 4,122 |  |  |  | 18,794 |  |  |  | 1,162 |  |  |  | 67,840 |  |  |  | 287,103 |
(a) This includes amortization of cost to fulfill amounting to Php11,789 million.
Summary of Estimated Useful Lives of Property and Equipment | As at December 31, 2024, the estimated useful lives of our property and equipment are as follows:
Cable and wire facilities |  | 5 – 15 years
Central equipment |  | 3 – 15 years
Network facilities |  | 3 – 20 years
Buildings |  | 25 – 50 years
Vehicles, furniture and other network equipment |  | 3 – 15 years
Land improvements |  | 10 years
IT systems and platforms |  | 3 – 5 years
Security platforms(1) |  | 3 – 5 years
Leasehold improvements |  | 3 – 10 years or the term of the lease, whichever is shorter
(1) As at December 31, 2023, the estimated useful life ranges from 3-5 years.
Summary of Completed Sales | The following summarizes the completed sale of Smart and DMPI telecom towers as at December 31, 2024:
Closing Date |  | Number of Tower Assets Sold |  |  | Cash Consideration |  |  | Gain on Sale and Leaseback |  |  | Net Book Value of Tower Assets (excluding taxes) |
|  |  |  |  | (in million pesos) |  |  | (in million pesos) |  |  |  |
2022 |  |  | 4,665 |  |  |  | 60,492 |  |  |  | 25,234 |  |  |  | 22,874 |
2023 |  |  | 1,705 |  |  |  | 22,465 |  |  |  | 7,467 |  |  |  | 13,377 |
2024 |  |  | 356 |  |  |  | 4,362 |  |  |  | 1,471 |  |  |  | 1,739 |
|  |  | 6,726 |  |  |  | 87,319 |  |  |  | 34,172 |  | (1) |  | 37,990 |
(1) Gross of related transaction costs.

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