Telcos to boost 2015 capex – Fitch

Fitch Ratings on Tuesday projected that two telecommunication giants would increase their capital expenditure (capex) in 2015 as they pursue investments in fast-growing data services and the expansion of their fiber networks.

The rating agency noted in a special report that profitability at the Philippine Long Distance Telephone Co. (PLDT) and Globe Telecom, Inc. (Globe) is likely to decline amid an increase in capex in 2015.