PLDT sets P83-B capex for 2020

By Lisbet K. Esmael

Mar 06, 2020 12:45 am

Pangilinan-led PLDT Inc. is increasing its capital spending anew, earmarking P83 billion for 2020, compared to last year’s P72.9 billion.

PLDT Chief Financial Officer Annabelle Chua said on Thursday the increased capital expenditures (capex) would mainly finance the firm’s network infrastructure buildup amid Filipinos’ continuous need for data-related services.

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