The Philippines’ dominant telecoms company Philippine Long Distance Telephone (PLDT) plans to invest PHP25 billion (USD610 million) in its networks and services in 2008, unchanged on the sum spent last year. The carrier has set aside the monies to upgrade its fixed line infrastructure, as well as to increase cellular, wireless, broadband and international bandwidth capacity. Money is also being set aside to provide investment for its growing ICT businesses. The country is catching up with India in terms of supplying global outsourcing services and according to Reuters, investment in the sector will increase in the coming years as revenues from outsourcing climb from USD4.88 billion in 2007 to USD13 billion by 2010.
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