PLDT’s spent P8.1 billion in H1 2014
As part of its continuous expansion, Philippine Long Distance Telephone Co. (PLDT) has recently announced that the company’s capital expenditures have amounted to P8.1 billion in the first half of 2014, or 69-percent more than what MVP-led telco spent in the same period last year.
According to PLDT President Napoleon Nazareno, the budget was spent on expanding the telco’s 3G/HSPA+/4G coverage population (now at 82-percent) and adding more Frequency Division/Time-Division Long Term Evolution (FD/TD LTE) base stations which are currently around 1,800 in number.
Nazareno adds that the company has also extended its fiber network to over 88,000 kilometers during the first half of the year. At the same time, the company continues to give its existing network infrastructure a shot in the arm by building super-sized base stations, elevated equipment shelters and buried fiber optic links, allowing it to be more disaster-ready in the process.
In his closing statement, Nazareno said that the telco plans to spend as much as P32 billion this year which would cover for the expansion of the company’s fiber optic network (at least 90,000 kilometers), doubling the 4G/LTE coverage (from 25% to 50%), as well as increasing the 3G coverage nationwide (up to 92%) by the end of the year.