Philippine telecoms firms have spent about 25 percent of their revenues on capital expenditures in the past few years. Global ICT firm Ericsson said this figure is higher than the investments in other members of the Association of Southeast Asean Nations (Asean) and is way above the global average of 16 percent. Asean countries such as Thailand and Myanmar put back 20 percent of their revenues into Capex over the same period, while Vietnam’s ratio was at 17 percent. Both PLDT and Globe increased their Capex to revenue ratio even further in 2016, as they spent 30 percent of their total revenues on network improvements and expansion. The program will establish a National Government Portal and a National Broadband Plan, as well as accelerate the deployment of fiber optic cables and wireless technologies.

Source: Manila Times March 22, 2017 10:52 UTC