Multiple executives have left Philippine Long Distance Telephone Company, or PLDT, including its longtime chief financial officer, during an overrun budget of 48 billion pesos which caused a credit rating downgrade and a class action lawsuit. According to PLDT, the problem was caused by overspending on network equipment, which led to spending that was 12.7% higher than the capex budget for 2019–2022. Read more in our articles including "PLDT executives quit after 48 billion peso overrun budget" and "How was PLDT Watchpad during the fight?".
Multiple executives have left Philippine Long Distance Telephone Company, or PLDT, including its longtime chief…
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May 19, 2026Multiple executives have left Philippine Long Distance Telephone Company, or PLDT, including its longtime chief financial officer, during an overrun budget of 48 billion pesos which caused a credit rating downgrade and a class action lawsuit. According to PLDT, the problem was caused by overspending on network equipment, which led to spending that was 12.7% higher than the capex budget for 2019–2022.
Our coverage of pldt overrun budget includes: "PLDT executives quit after 48 billion peso overrun budget"; "How was PLDT Watchpad during the fight?"; "PLDT Call All extends Wireless Landline". Each article provides unique insights and information.
Our article "PLDT executives quit after 48 billion peso overrun budget" published on April 18, 2023 covers the latest information about pldt overrun budget. Check it out for the most current details.