Albert de Larrazabal, the chief financial officer of Filipino telco Globe Telecom, says the group will invest a total of USD640 million this year and in 2013, as part of its USD790 CAPEX spend for the next five-year period. In an interview with Telecom Lead Asia, de Larrazabal said the operator is embarking on a major expansion of its networks and services to tackle the challenges ahead in a competitive domestic mobile market
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OVETEL Globe CFO confirms USD640m investment in 2012/13
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