MANILA - The business process outsourcing unit of Philippine Long Distance Telephone Co. may sell a "portion" of the company to a third party, its chief executive said on Tuesday night.
On the sidelines of the International Contact Center Conference and Expo 2012, Maulik Parekh, SPi Global president, however said "no decision has been made on any strategic event with SPi Global yet."
Parekh said PLDT is looking at "any strategic option for companies or subsidiaries like SPi Global, which include IPO or partial sale of the company to a third party."
But “they continue to support us in our growth as we speak," he said.
"As far as SPi Global executives are concerned, its business as usual. We are having another solid banner year. We will end the year with again a double digit growth in top line as well as the bottom line. So, definitely we will continue the momentum in 2012 and now we are bullish to build the foundation for a bullish 2013," Parekh said.
He said the company is projecting a $230 millon or about P9.7 billion revenue this year, up by 14 percent year-on-year.
In the first half of the year, SPi reported service revenues of P4.8 billion, an increase of 17 percent from last year. The company's knowledge process services increased by 18 percent, while revenues from customer relationship management rose 15 percent to P1.6 billion.
Parekh said the company plans to expand its presence in the Philippines, particularly in Metro Manila, Laguna, Dumaguete and Iloilo.
source: interaksyon.com
