PLDT Inc. on Thursday claimed that its core business and fundamentals remained "very strong" despite the discovery of a multi-billion peso budget overrun for 2019 to 2022.

In a statement, the firm said that top management assured fund managers, investment analysts and bankers on Wednesday that "business overall remains healthy and robust even as it (PLDT) continues to address its elevated capex (capital expenditures) spend and undergoes a comprehensive process review".

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