PLDT completes P69B Digitel takeover

Discussion in 'Chat Lounge / Im Bored' started by major_labo, Oct 26, 2011.


  1. major_labo

    major_labo Member




    MANILA, Philippines (2nd UPDATE) - After months of waiting, Philippine Long Distance Telephone Co.'s (PLDT) acquisition of a majority stake in Digital Telecommunications Philippines (Digitel) has finally been completed. PLDT and Gokongwei-led JG Summit on Wednesday announced the successful completion of PLDT's purchase of a 51.55% stake in Digitel from JG Summit in a "landmark" share-swap transaction valued at about P69.2 billion. This comes after the National Telecommunications Commission (NTC) approved the deal earlier on Wednesday. see link: http://www.abs-cbnnews.com/business/10/26/11/ntc-approves-pldt-digitel-merger
     
                                 

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