Tag page - PLDT CAPEX OVERRUN

PLDT Inc. on Friday, Dec. 23, said it plans to borrow P35 billion to 45 billion in the next two years for "general corporate purposes, including, but not limited to, payment of capital expenditures (capex) and dividends". The telco confirmed President and Chief Executive Officer Alfredo S....

PLDT Inc. on Thursday, Dec. 22, said its core business remains strong despite its P48 billion budget overrun. "There was no fraud, no anomalies, no evidence of overpricing, and no unrecorded transactions in relation to the overrun," Chairman Manuel V. Pangilinan said in a disclosure to the...

PLDT Inc. on Wednesday, December 21, said it has "not unearthed fraudulent activities" in relation to the P48 billion capital expenditure overrun that the telco reported last week. The telco's "business and the outlook for the business continue to remain healthy". However, PLDT is "cooperating and...