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Philippine telecom PLDT execs quit in wake of $862m capex overrun

Summary by Ground News

The Philippines' largest telecom, PLDT, reported a large capital expenditure overrun last year. It had to negotiate with major equipment suppliers to reduce some of its commitments. PLDT last month stated it wrapped up an investigation into the issue. It said it stemmed from over-buying network equipment.

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Nikkei

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Philippine telecom PLDT execs quit in wake of $862m capex overrun

MANILA -- The Philippines' largest telecom, PLDT, said on Monday that several executives had left the company, including its long-time chief financial

2 years ago·Japan

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Nikkei broke the news in Japan 2 years ago on Monday, April 17, 2023.

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Philippine telecom PLDT execs quit in wake of $862m capex overrun

1 Articles

1 Articles

Philippine telecom PLDT execs quit in wake of $862m capex overrun

Coverage Details

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