PLDT invests US$15mn in Internet TV Service for Southeast Asia

Manila–(PHStocks)–Philippine Long Distance Telephone Company (PLDT, PSE: TEL, NYSE: PHI), the leading telecom operator in the Philippines, has invested $15 million in iflix, which plans to be Southeast Asia’s leading Internet TV service.

iflix will launch an Internet TV service that will make available to 600 million consumers in Southeast Asia access to thousands of hours of top TV shows and movies from all over the world for a low monthly price.

PLDT’s investment is in line with its strategy to develop new revenue streams and to complement its present business by participating in the digital world beyond providing access and connectivity.