MANILA – PLDT Inc on Monday outlined how it planned to spend a record P50 billion this year to aid its shift to digital services.
The company has set aside a total of P260 billion over 5 years as it competes with Globe Telecom while preparing for the entry of a third player.
"This is a massive effort to turn our networks into powerful, pervasive and resilient platforms for delivering relevant digital services and solutions that our people can use to improve their daily lives, as well as enable the country to compete and thrive in this digital age,” said PLDT president Manuel Pangilinan.
PLDT said its wireless unit, Smart Communications, will double its LTE base stations to about 17,700 from 8,700 and its cell sites equipped with LTE base stations to over 6,800 from 4,300.
This will result to a "significant boost" in internet speeds, PLDT said.
For fixed broadband, PLDT said it would double its fiber and hybrid fiber broadband capacity to over 2.2 million ports from over 1 million ports in 2017.
PLDT said it expected its fixed broadband to expand by 30 percent to 5.1 million homes.
The company said it would add another 33,000 kilometers of fiber cables to raise the total to 210,000 km from 174,000 kilometers in 2017.
This will increase capacity by 80 percent to 8.92 Tbps (terabits) by the end of 2019 from 5 Tbps per second in 2017.