Philippine Phone Giant Spending Record Amount to Boost Data Use

  • PLDT may budget another 43 billion pesos in 2016 for capex
  • Dividend payout may be 90% or lower; debt must be contained

Philippine Long Distance Telephone Co. will keep capital spending at a record level next year as the nation’s biggest carrier tries to fend off an aggressive domestic rival and prepares for the potential entry of Telstra Corp.

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