“We are preparing the network, with Telstra’s entry or not, in delivering coverage and speed,” PLDT Chairman Manuel V. Pangilinan said in a press briefing.
He said that PLDT will increase its capital expenditures next year from $4.6 billion in the last six years.
“The levels (Capex) will be alleviated,” Pangilinan said.
Telstra would be investing less than US$1 billion in the Philippines through a partnership with local conglomerate San Miguel Corp. (SMC).
Andrew Penn, Telstra chief executive officer, earlier said that should Telstra decide to pursue its Philippine venture, it would only initially invest less than USD 1 billion, in contrast with previous reports, because of some regulatory concerns.
