Skycable Corporation will allot P1 billion in capital expenditure in 2013, the same amount it had earmarked for this year, to be spent on its digitization efforts.
“Around P400 million will be spent for digitization and the rest for maintenance and broadband services,” managing director Carlo Katigbak said.
He noted that SkyCable’s planned capex also includes spending for its newly acquired firms, cable TV operators Destiny Cable and Uni-Cable TV Inc. and broadband service provider Solid Broadband Corporation.
The digitization efforts are expected to help SkyCable increase the number of its subscribers, currently close to 700,000.
For this year, SkyCable has also earmarked P1B for its capex, bulk of which was spent on digitization efforts.
Katigbak noted that the firm is looking at a “doubledigit” growth in revenues this year from P5B in 2011.
Pay TV service is SkyCable’s main revenue source followed by broadband service and TV advertisements.