PLDT pumps P150B into network expansion
Teco giant PLDT Inc. is budgeting more than P150 billion through 2020 to further expand its fixed line and and mobile services.
PLDT’s total capital spending is seen to reach about P260 billion this year.
“What this means is that for every P1 of service revenue, we reinvest between P0.30-0.35 in the business to super-charge our networks and advance our digital transformation program. This is a massive effort to turn our networks into powerful, pervasive and resilient platforms for delivering relevant digital services and solutions that our people can use to improve their daily lives, as well as enable the country to compete and thrive in this digital age,” said PLDT chairman and CEO Manuel V. Pangilinan.
In mobile, Smart Communications will continue to aggressively roll out more LTE and 3G base stations to provide high-speed mobile broadband to over 90 percent of the country’s cities and municipalities by 2018. It aims tol double the number of LTE base stations to about 17,700 and increase the number of LTE-equipped cell sites to over 6,800.
For its fixed line business, PLDT will double its fiber and hybrid fiber broadband capacity to over 2.2 million ports. About 650,000 of the additional ports will be for fiber while another 550,000 will be for hybrid fiber broadband.