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Philippine phone giant investing record amount to boost data use

PLDT will spend 43 billion pesos to expand and improve its network as it fends off competition

PLDT's mobile-phone users as at Sept 30 fell by two million from a year earlier to 67 million. It is heading for a third year of declining profit and plans to trim expenses, contain debt at current levels and refinance part of its maturing obligations.


PHILIPPINE Long Distance Telephone Co (PLDT) will keep capital spending at a record level next year as the nation's largest telecommunications company tries to fend off an aggressive domestic rival and prepares for the potential entry of Telstra Corp.

PLDT will allocate 43...