Citing significant growth in the number of Sun subscribers, Gokongwei-led Digital Telecommunications Philippines, Inc (Digitel) expects its mobile unit Sun Cellular to double service revenues and even take the lead in the postpaid segment this year.
Digitel Vice Chairman, President and Chief Executive Office James L. Go said: "We are expecting that our service revenues in Sun Cellular will incur a 100%
growth year on year, exceeding 2008 growth of 82%".
Mr. Go said Digitel would borrow $200 million to partly fund the $300 million to $350 million in capital expenditures this year, to be allocated for additional cellular sites. "Currently, we already have 4,603 cell sites and we are aiming to build 1,000 cell sites more for our 2G business and additional 300 to 500 sites for our 3G service, Mr. Go added.
Mr. Go said Sun Cellular has a total of 10 million subscribers, with an additional five million to six million subscribers this year.
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