PLDT Investment in iflix Converted into Shares

Manila–(PHStocks)–Leading telecoms and digital services provider Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) disclosed today that its $15 million investment in iflix has been converted from convertible notes into ordinary shares of stock after Southeast Asia’s leading internet TV service provider completed this week a new round of funding led by Sky PLC, Europe’s leading entertainment company […]
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PLDT Partners With Akamai for Content Delivery Network Solutions

The Philippine Long Distance Telephone Co. (PLDT) partnered with US-based Akamai, the world’s biggest content delivery network (CDN) provider, to boost  the internet experience of client enterprises via faster content availability and access. Related Articles:Telstra’s Entry Worries RivalsPLDT 9M 2015 Consolidated Core Net Income Slips 5% to PhP27.1B3 VPs Leave as PLDT Starts Manpower Reduction PlanPLDT […]
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Telstra’s Entry Worries Rivals

Another war is brewing in the telecom industry, ahead of Telstra Corp.’s planned entry, as the incumbent players asked the government to auction off some of the “very powerful” mobile frequency band held by San Miguel Corp. (PSE: SMC). Related Articles:PHStocks Dividend Roundup: FDC, PSB, NIKL, CDC, LFM, KPH, BRN, BDO, LAND, SMC, TEL, COATPH […]
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PLDT 9M 2015 Consolidated Core Net Income Slips 5% to PhP27.1B

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PSE: TEL) (NYSE: PHI) today announced its unaudited financial and operating results for the first nine months of 2015 with consolidated core net income, before exceptional items, amounting to PhP27.1 billion, 5% or PhP1.5 billion lower than the PhP28.6 billion recorded in the same period last year. The decrease was due mainly to lower EBITDA […]
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3 VPs Leave as PLDT Starts Manpower Reduction Plan

Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) has started cutting senior positions in its organization, part of an ongoing manpower reduction scheme as the company disclosed weaker 2014 results while underscoring continued challenges this year amid intensifying competition. Related Articles:PLDT Files 2013 Annual Reports with US SEC, PH SECPH Stocks End Lower on Continued […]
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PLDT Files 2013 Annual Reports with US SEC, PH SEC

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PSE: TEL) has filed its Annual Report on Form 20-F and Form 17-A for the fiscal year ended 31 December 2013 with the United States Securities and Exchange Commission (SEC) and the Philippine Securities and Exchange Commission (SEC), respectively. The documents may be accessed here: Form 20-F and Form 17-A. Shareholders of […]
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PH Stocks End Lower on Continued Sell-off

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 21 June, as most foreign investors continued to take out funds from the market. According to the Philippine Stock Exchange (PSE), foreign buying reached PhP6.85 billion while foreign selling hit PhP9.12 billion. The benchmark PSE index (PSEi) declined further by 2.28% or 144.5pts to close the week at 6,182.17 […]
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PH Stocks Take Pause

Manila—(PHStocks)—Profit taking from yesterday’s gains, weak data from regional markets, as well as jitters surrounding the anticipated results of the Fed’s meetings, which will shed some light on its plans for its ongoing quantitative easing program, have caused the slight pullback in Philippine stocks Wednesday, 19 June, capping a three-day rally. The Philippine Stock Exchange […]
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