The Manila Standard Today quotes Philippine Long Distance Telephone Company (PLDT) president Napeleon Nazareno as saying that his firm will save PHP8 billion (USD187.5 million) in CAPEX in 2012, and improve its overall services, by maximising synergies arising from its recent acquisition of Digital Telecommunications Philippines (Digitel) and its mobile arm Sun Cellular. Nazareno has lowered PLDT’s capital expenditure for the current fiscal year to PHP38 billion, from the earlier projected PHP46 billion, in part a result of a decision to share cell sites and other facilities between PLDT’s mobile arm – Smart Communications – and Digitel’s Sun Cellular
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OVETEL PLDT looking to save PHP8bn in CAPEX through Digitel purchase
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