PLDT Points to Duterte’s Tirades, ‘Intense Competition’ in Budget Fiasco (Rappler)

In the press release [PDF FILE], PLDT president and chief executive officer Al Panlilio was quoted as saying that the overspending was made due to a confluence of factors, including:

  • PLDT having to regain network leadership following years of underinvestment in capital expenditures
  • The threat from Duterte for telcos to shape up or face closure
  • Intense competition in the telco sector with the then-anticipated entry of Dennis Uy’s Dito Telecommunity funded by China Telecom
  • The emergence of a competitor in the fiber space, Converge READ MORE

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