pldt
MANILA (Bloomberg): PLDT Inc said it is in discussions with four major vendors for equipment and assets covered by its 48-billion peso (US$859 million) overspending that stretched over four years from 2019.
While the Philippines’ biggest phone company didn’t specify the nature of its discussions with the firms, namely Cisco Systems Inc, Huawei Technologies Co Ltd, Ericsson and Fiberhome Telecom in its filing to the stock exchange Wednesday (Dec 28), it said Tuesday that it’s in talks with suppliers and vendors to cancel some projects and seek discounts as it aims to reduce its spending overrun.
