MANILA -- The Philippines' largest telecom company PLDT said on Thursday it has "substantially" completed an investigation into a 48 billion peso ($880 million) capital spending "overrun" that triggered a sharp stock sell-off and threats of U.S. lawsuits.
Telecommunication
Philippine telecom PLDT claims 'no fraud' in $880m capex 'overrun'
Company says talks with network suppliers have yielded smaller bills
PLDT of the Philippines says competition from newcomer Dito and other pressures led to overspending on telecommunication equipment.
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