Philippine Telegraph & Telephone Corp. (PTT) has grown through the years to become the country's dominant record carrier and leading provider of leased voice and data channels. It offers the most comprehensive package of telecom services ranging from telephony to high-speed voice, data and sophisticated video technologies. The Company operates a nationwide telecommunication network, which includes more than 400 retail outlets throughout the country for telegraphy and long distance telephony. Although telegraphy, like telex services which the Company dominated in the 70s and 80s, is perceived as a "sunset" product, variations are continuously being developed and introduced, such as gift-accompanied social telegrams; money transfers; and very recently, e-business derivatives like "e-Sulat" and "e-Store" in the new Click & Call stations. Today, however, the revenue contribution of the aforesaid traditional services (i.e., telex and telegraph) have been surpassed by LEC operations despite the reduced number of subscribers. The Company has 30,000 post-paid and pre-paid LEC subscribers in Region IV_A which account for over 50% of revenues. These are derived from monthly subscription fees and domestic and international long distance calls albeit under increasingly ruinous competition. Source: SEC Form 17-A