PLDT 2011 Core Net Income Down 7% to PhP39B

Manila–(PHStocks)–Philippine Long Distance Telephone Company (PLDT) (PSE: TEL) (NYSE: PHI) today announced its audited financial and operating results for 2011 with consolidated Core Net Income declining to PhP39 billion, or 7%, from the PhP42 billion recorded in 2011. Reported Net Income for 2011, after exceptional items including significant provisioning, declined 21% to PhP31.7 billion, from […]
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PLDT Issues 1.6M Shares to Digitel Shareholders

Makati–(PHStocks)–Philippine Long Distance Telephone Company (PSE: TEL) has issued a total of 1,606,160 common shares to PCD Nominee Corporation for the settlement of the purchase price of 2,517,806,269 common shares of Digitel Telecommunications Phils. Inc. (Digitel) tendered by the Digitel minority stockholders under the tender offer conducted by PLDT, and which opted to receive payment […]
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PLDT Announces Results of Tender Offer to Digitel Minority Shareholders

Manila–(PHStocks)–Philippine Long Distance Telephone Company (PLDT, PSE: TEL; NYSE: PHI) today announced the results of its tender offer for the remaining Digital Telecommunications Phils., Inc. (Digitel) common shares held by the public. A total of 2,888 million shares were tendered by Digitel minority shareholders, representing approximately 94% of the shares held by the public. The minority […]
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Digitel Minority Shareholders will be Paid the Same Price as Majority – PLDT

(PHStocks) – The tender offer price of P1.6033 per share being made by Philippine Long Distance Telephone Company (PLDT; PSE: TEL) to the minority shareholders of Digitel is the same price paid to JG Summit Holdings Inc. (PSE: JGS) and other related parties, according to PLDT spokesman Ramon Isberto. The JG Summit Group was the majority shareholder […]
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JG Summit Completes Landmark Telco Transaction with PLDT

(PHStocks) – The Philippine Long Distance Telephone Company (PLDT; PSE: TEL, NYSE: PHI) and JG  Summit Holdings Inc. (JG Summit; PSE: JGS) jointly announce that PLDT has successfully completed the acquisition of a majority interest in Digital Telecommunications Philippines, Inc. (Digitel; PSE: DGTL) from JG Summit and other shareholders of Digitel, in a landmark share […]
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PH Stocks Maintain Slow Climb

Local shares were slightly higher Wednesday, amid continuing oil price hikes brought about by the Libya effect. The bellwether Philippine Stock Exchange index (PSEi) gained 0.036% or 1.38 points to close at 3,855.52, while the wider all-shares index posted a 0.43% increase to 2,901.39 points. In terms of sectoral indices, only the Property and Services […]
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PH Stocks Up on Japan’s Improving Nuclear Situation

The bellwether Philippine Stock Exchange index (PSEi) went up 0.26% or 9.83 points to 3,854.14 points on Tuesday, amid news of improving nuclear situation in Japan. The wider all-shares index likewise moved up by 0.34% to 2,888.96 points as investor confidence slowly rebound. The Property index led the gaining sectors with a 1.17% increase, followed […]
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PH Stocks Slightly Up 0.12%

The bellwether Philippine Stock Exchange index (PSEi) went up Monday, a slightly slow but positive market opening for the week as Japan appears to have some success in cooling the nuclear reactors over the weekend. The PSEi closed the trading day at 3,844.31 points, up 0.115% or 4.43 points from Friday, when local shares rebounded […]
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