Telecoms heavyweight Philippine Long Distance Telephone Company (PLDT) has reported a 6% fall in net income for the three months ended 31 March 2012 on the back of a sharp rise in expenses, but says that the integration of recently acquired telco Digital Telecommunications Inc (Digitel) and cost-cutting will help boost future earnings. In a press briefing today, PLDT reported that it booked net income of PHP10 billion (USD236.7 million) for 1Q12, including PHP700 million in profit from Digitel.
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OVETEL PLDT reports 6% dip in Q1 profits; announces cost-cutting measures
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