GMA Network Inc. will be spending about P586 million or 40 percent of the company’s total capital expenditure (capex) on the upgrade of its production facilities and signals in rural areas, aiming to be fully high-definition-capable.
GMA’s capex stands at P1.065 billion this year, with a carryover from last year’s capex of almost P400 million, for a total of P1.465 billion.
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