MANILA, Philippines (October 24, 2012) – Lopez-owned SkyCable Corp. will allot P1 billion in capital expenditure in 2013, the same amount it has earmarked for this year, to be spent on its digitization efforts.
“Around P400 million will be spend for digitization and the rest for maintenance and broadband services,” Carlo Katigbak, managing director of the country’s largest cable television operator, said.
He noted SkyCable’s planned capex also includes spending for its newly acquired firms, namely cable TV operators Destiny Cable and Uni-Cable TV Inc., and broadband service provider Solid Broadband Corp.
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