Tuesday 21 May
Mar 13, 2019 @ 18:58

PLDT eyes P28B borrowings to fund capex

 

Telco giant PLDT Inc. plans to borrow as much P28 billion from local banks to refinance maturing debt stock and partly support its capital requirements this year.

PLDT chief financial officer Anabelle Chua, said the company’s maturing debt for the year stands at $391 million.

It has budgeted P78.4 billion for its ongoing expansion, P20 billion higher than the P58.5 billion spent in 2018.

This aggressive roll-out is intended to further push the already significant network advantage of PLDT and Smart, and, to support its active campaign for more revenues.

The coverage of PLDT’s fiber-powered network passed 6.3 million homes by the end of December last year, up 57 percent.

Please follow and like us:
error

Tags: , , , ,

Related Stories
Telco giant PLDT Inc. said its wireless consumer business continued its upward trajectory in the
Telco giant PLDT Inc. is backing the government’s common tower policy by acquiring or leasing
Telco giant PLDT Inc. and Smart Communications ranked the fastest fixed broadband and mobile internet
Telco giant PLDT Inc. officially launched a loyalty program that automatically rewards its fixed-line, broadband


 

Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.