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BAYAN
Telecommunications Inc. has programmed a capital
expenditure of P2.5 billion next year, up from less than
P2 billion it allotted this year.
The
company’s chief executive consultant said Wednesday, the
bulk of capex will go to put up more base stations and
further expand network coverage of its wireless-landline
service dubbed the Span.
Bayan
will also spend P150 million for the improvement of data
services in 2008. It has renamed its corporate business
to Bayan Business, which is the company’s corporate
solutions arm.
The
company will use its own cash to fund the programmed
capex next year.
“We now
have 125,000 Span subscribers. The average revenue per
subscriber for our Span service is three to five times
that of the prepaid mobile subscriber of another
network,” Tunde Fafunwa said.
Bayan
offers wireless landline-access service in Marikina,
Caloocan, Pasay, Pasig, and in key cities such as Naga,
Legaspi, Tacloban,
Davao and General Santos.
Fafunwa
has been saying that the company will be spending more
to strengthen its Span and DSL (digital subscriber line)
services.
In the
first nine months of the year, Bayan reported a
51-percent decline in net income to P490 million as
revenues dipped.
Fafunwa,
however, said he is confident that the company will
register more than 10 percent growth in revenues this
year.
“We are
focusing on the growth of our business. We are seeing
changes in revenues. Clearly, we are no longer the old
BayanTel, which derives much of the revenues from fixed
lines. With data and Internet figuring to be growing
exponentially moving forward, we are now in a stronger
competitive position than we have ever been,” Fafunwa
added. |
