28 November, 1928
TODAY IN PHILIPPINE HISTORY
The Philippine Long Distance Telephone Company (PLDT), the leading telecommunications provider in the country, was established through Act 3436 by the Philippine Legislature and approved by then American Governor-General Henry L. Stimson.
Merging four telephone firms under common United States ownership, the law granted PLDT a 50-year charter and the right to establish telephone lines to various areas within the country within 40 years from the date of its approval.
By 1995, with the passage of the Telecommunications Act and the subsequent deregulation of the Philippine telecommunications industry, PLDT had been demonopolized. PLDT has since acquired SMART, Sun Cellular and ePLDT.
(Ref: Philippine News Agency; Photo from en.wikipedia.org/wiki/PLDT)
