“They explained the decisions on the capex. The explanation they gave was the typhoon and the pandemic. They needed to install broadband to houses quickly due to pressure from Duterte and competitors. Vendors have been installing equipment even before asking approval. So they deploy first even before being budgeted in the capex. That’s the only explanation that I understood,” said an (anonymous) analyst

Typhoon, pandemic cited in P48-B #PLDTOverrun | #PLDT #SEC
https://businessmirror.com.ph/2022/12/22/typhoon-pandemic-cited-in-p48-b-pldt-overrun/