PLDT’s 2011 CAPEX likely to top PHP30bn

25 Jan 2011

Filipino powerhouse Philippine Long Distance Telephone Company (PLDT) is looking to invest at least PHP30 billion (USD675 million) in modernising its networks and services this year. PLDT chairman Manuel Pangilinan told reporters that although the actual capital expenditure budget had not been signed off on, he envisages the company will spend at least PHP30 billion on fixed and wireless operations – with a heavy focus on broadband. The telco’s president Napoleon Nazareno is on record as saying that roughly 50% will be ring-fenced for high speed internet access, and between PHP16-PHP17 billion for its mobile networks. The funding is likely to come from internal resources, he added.

Philippines, PLDT (incl. Smart Communications and Sun Cellular),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.