ePLDT's unit SPi earmarks 5 bln pesos for expansion

 

 

MANILA (XFN-ASIA) - SPi, the business process outsourcing (BPO) subsidiary of ePLDT, has earmarked 5 bln pesos for its expansion program this year, SPi said. The company said in a written statement that it planned to acquire more interests in the health care business, add to the lines of business of its publishing and legal groups, and to establish a foothold in the finance and accounting industries. SPi president and chief executive Ernest Cu said: ''The significant capital outlay that has been allocated for expansion will allow us to broaden our capabilities, enter new markets and further migrate from more commodity-based activities to higher-value services.'' This year SPi is opening two new BPO facilities, one in the southern Indian city of Chennai and the other in Hanoi. In the US, it will make investments in systems and infrastructure in the states of New York, Virginia, Texas and Tennessee. ePLDT is the information and communications technology unit of Philippine Long Distance Telephone Co.

 

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