Philippines-based networks, ABS-CBN and TV5, announced to spend a combined figure of PHP 1.2 billion (USD 26.88 million) to upgrade to digital terrestrial television (DTT) from analogue broadcasting.
According to reports, TV5 will spend around PHP 700 million (USD 15.68 million) in the next five years with P300 million (USD 6.72) to be spent this year to cover the National Capital Region to roll out its DTT service.
On the other hand, ABS-CBN will spend PHP 500 million (USD 1.2 million) for its rollout to Cebu, Davao, Cagayan, Bacolod, and Iloilo.
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