PLDT

CFO Chris Young explains plans for a further acceleration of the telecom operator''s debt reduction strategy.

You've just released your first quarter numbers and they were incredibly strong. Net profit more than doubled to Ps5.2 billion. What drove this

Well subscriber numbers continue to grow quarter by quarter, so most of the success is down to the wireless side. But we also started a number of initiatives a couple of years ago on the fixed line side that have stabilized revenues and reduced costs. That's now starting to come through as well.

Traditionally the four quarter brings in the highest sales because of Christmas. After that the number usually come off a bit. But this quarter has been surprisingly strong as well.

Why's that

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