Shift in contracts from long-term IRUs to short-term leases
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「However, international circuit prices have been trending downward due to the increased speeds of existing communications circuits and plans to install new circuits resulting from advances in transmission technology, and cable television operators in the Philippines have increasingly been shifting from long-term IRU contracts to short-term leases.」
Continues to disclose declining international circuit prices and the shift by cable television operators from long-term IRU contracts to short-term leases as risks. - FY2019RestatedAnnual report
「Cable television operators in the Philippines have increasingly been shifting from long-term IRU contracts to short-term leases, and approximately half of the contracts with our customers, measured by sales, have shifted to short-term leases.」
Reiterates that the shift from long-term IRU contracts to short-term leases has reached approximately half of sales, as well as the risk of losing business to competitors at renewal. - FY2018MaterialisedAnnual report
「Cable television operators in the Philippines have increasingly been shifting from long-term IRU contracts to short-term leases, and approximately half of the contracts with our customers, measured by sales, have shifted to short-term leases.」
Declining circuit prices and shorter contract periods among cable television operators have already emerged, indicating the possibility of losing business to competitors when contracts are renewed every 1–2 years.