In a statement, the telco giant said the increase will support updated requirements for the home broadband and data center business and additional upgrades of the towers and passive infrastructure assets.
It also told the Philippine Stock Exchange that its core income grew by 9 percent to PHP 8.2 billion in the January-March period. Reported net income likewise went up to PHP 9.1 billion.
The group's consolidated service revenues hit an all-time high of PHP 46.4 billion driven by its home and enterprise businesses.
Home service revenues climbed 25 percent to PHP 13.6 billion, while enterprise revenues reached PHP 11.6 billion.
Individual wireless revenues, on the other hand, hit PHP 20.4 billion as mobile traffic increased in the first quarter.
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