Telcos expect challenging 2009

“We are looking at controlling our operating costs much better since we are very sensitive to the growth of the domestic economy,” Globe Telecom, Inc. President and Chief Executive Officer Gerardo C. Ablaza, Jr. said on the sidelines of a briefing yesterday.

The Philippines is the unofficial text capital of the world, with Filipinos sending about a billion text messages daily, more than the combined messages sent in the US and Europe.

Ayala-led Globe earlier said it would cut capital spending by about a fifth this year after posting a 15% decrease in its 2008 net income to P11.27 billion from a year earlier.

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