Eastern Communications allots ₱1.15 billion capex for 2024

Philippine telecommunications company Eastern Communications has allocated P1.15 billion for its capital expenditures (capex) this year, focusing on the company's continued efforts to expand its network.

In a statement on April 16, the telco said the capex is for "fuel expansion, product development, customer service enhancement, and organizational growth."

“These developments are driven by the company's commitment to national connectivity, economic growth, and digital inclusion. Eastern Communications anticipates its expanded presence to catalyze economic development, improve access to essential services, and empower local businesses in its target regions,” said Eastern Communications Co-coordinator Atty. Aileen Regio.

It plans to expand its network connectivity to Iloilo, Davao, Bohol, Boracay, Cagayan de Oro, Bacolod, and Dumaguete, stating these areas "offer opportunities for broader internet access and are conducive to fostering economic growth."

Eastern Communications Co-coordinator Vince Tempongko said the company is "optimistic that the expansion will drive significant growth in market share, revenue, and client base."

“With the recent expansion of service areas and the diversification of our product portfolio, we're optimistic about our current position. We foresee additional growth opportunities as we continue to expand in the future," he added.

The company is also aiming to increase its offerings and information communication technology (ICT) solutions like Ddos Protected IDS, as well as supporting businesses for remote work.

"By introducing a broader array of business management tools, we aim to equip our customers with the resources they need to streamline operations, enhance efficiency, and drive growth. This strategic approach underscores our dedication to innovation and customer-centricity," said Eastern Communications Vice President and Head for Product and Innovation Edsel Paglinawan.

As of 2023, Eastern Communications has a fiber cable network of over 9,760 kilometers (km) with a total of 180 nodes in 42 business cities across the country.