PLDT Inc. agreed to sell a portfolio of telecommunications towers to a firm backed by KKR & Co. for over P12.1 billion, as part of a program to divest digital infrastructure assets. Smart Communications Inc. and Digitel Mobile Phils. Inc., two subsidiaries of the Philippines-based telecom and digital services provider,…
MANILA (Bloomberg): Troubled Philippine telecoms giant PLDT Inc finally halted a days-long stock rout as it vowed to cooperate with an investigation into the more than US$800 million of unaccounted spending that it disclosed last week.
Philippines largest telecom slumps 17% after billions of pesos in budget overrun revealed thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
The Philippines' Securities and Exchange Commission has launched an inquiry into the 48 billion pesos (RM3.83 billion or US$866.32 million) capital spending budget overrun at PLDT Inc that triggered a record plunge in the stock amid questions over its corporate governance and fiscal control.
PLDT picks Edgepoint, Edotco for $1 5-billion tower deals bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.