Manila-based PLDT said it expects to make a "core profit" of 40 billion Philippine pesos (820 million US dollars) in 2009 compared with 38.1 billion in 2008. The company also said it will raise capital expenditure to 27 billion pesos from 25.2 billion in 2008, of which 16.7 billion related to wireless networks.
PLDT said it is accelerating the roll out of 3G and HSPA networks as the growth in demand hasn't slowed. Subscribers to Smart’s wireless broadband service grew 81% to reach 547,000 (including 124,000 prepaid) at the end of 2008. Wireless broadband revenues also grew 81% to 4.3 billion pesos. source: PLDT statement