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
