PLDT Inc Special Briefing Transcript
Good afternoon, and thank you for joining us today to discuss the press release on elevated CapEx spend. For today's presentation, we have with us our Chairman, Mr. Manny Pangilinan; Mr. Al Panlilio, President and CEO; and Attorney Marilyn Victorio-Aquino, Chief Legal Counsel and Corporate Secretary. At this point, let me turn the floor over to Mr. Pangilinan to begin the briefing.
Thank you, Melissa, and good afternoon to everybody, physically present and those online. I think we have a fairly good attendance this afternoon. So we start with an open statement that I will make, particularly in respect of this CapEx overrun and outlook for 2022 this year. And following me will be house comments in respect of prospects for 2023.
As we indicated in the press statement we issued a few days ago, the CapEx overrun is likely to be up to PHP 48 billion, as we indicated, which represents about 12.7% of the total
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