PLDT Sells Stocks in Beacon Electric Asset to MPIC

Makati—(PHStocks)—PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—is selling common and Class A preferred shares of stock in Beacon Electric Asset Holdings Inc. (BEAHI) to Metro Pacific Investments Corp. (MPIC, PSE: MPI). BEAHI is a joint venture company formed by MPIC and PCEV. […]
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MPIC Ups Stake in MERALCO and Global Power

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—have entered into a Sale and Purchase Agreement for MPIC to acquire a further 25% interest in Beacon Electric Asset Holdings, which owns 35% of Manila […]
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PLDT Reports Core Net Income of PhP27.9B in 2016

Makati—(PHStocks)—PLDT Inc. (PSE: TEL) (NYSE: PHI) today announced its unaudited financial and operating results for the full year 2016 with consolidated service revenues, net of PhP9.6 billion in interconnection costs, amounting to PhP147.6 billion, three percent (3%) less than the previous year. Excluding international and national long distance (ILD and NLD) revenues and interconnection costs, […]
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PLDT and Rocket Internet Partner to Create Philippines Internet Group

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PSE: TEL) and Rocket Internet AG (Rocket, ISIN DE000A12UKK6, RKET), have announced a new joint venture to further strengthen their existing partnership and to foster the development of internet based businesses in the Philippines. PLDT and the Asia Pacific Internet Group (APACIG) will become partners in the new Philippines Internet Group (PHIG), which […]
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MPIC Effective Stake in Meralco Now 27.48%

Manila–(PHStocks)–PLDT Communications and Energy Ventures Inc. (PCEV), today announced the Beacon Electric Asset Holdings Inc. (Beacon), a special purpose company jointly owned by PCEV and Metro Pacific Investments Corp. (MPIC, PSE: MPI), will sell 56.35 million shares, comprising approximately 5%, in Manila Electric Co. (Meralco, PSE: MER), to MPIC at a price of PhP235 per […]
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AF Consortium Gets PhP1.72B AFCS Project

Manila—(PHStocks)—The AF Consortium of conglomerates Metro Pacific Investments Corp. (PSE: MPI) and Ayala Corp. (PSE: AC), composed of AC Infrastructure Holdings Corporation, the infrastructure arm of Ayala, BPI Card Finance Corporation, Globe Telecom Inc. (PSE: GLO), Meralco Financial Services Corporation, MPIC and Smart Communications Inc., received by electronic mail a copy of the Notice of Award […]
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Pangilinan Elected Vice Chairman of Roxas Holding’s Board of Directors

Makati—(PHStocks)—The Board of Directors of Roxas Holdings Inc. (RHI, PSE: ROX) has elected businessman Manuel V. Pangilinan as Vice Chairman. Pangilinan is the founder and CEO of First Pacific Company Limited (142.HK), which recently invested up to 34% in RHI. He is also Chairman of Metro Pacific Investments Corp. (PSE: MPI), Philippine Long Distance Telephone Co. (PSE: TEL), Manila Electric Company (MERALCO, PSE: MER) and many […]
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PLDT, NTT Com, StarHub and TM to Build $430M Fiber-optic Cable System

Philippine Long Distance Telephone Company (PLDT, PSE: TEL) has signed a construction and maintenance agreement with Japan’s NTT Communications and Singapore’s StarHub to build Asia Submarine-cable Express (ASE), a $430-million next-generation high-bandwidth optical fiber underwater cable system. Telekom Malaysia (TM) signed a separate agreement with NTT Communications in Kuala Lumpur.  The 7,200-kilometer ASE system will […]
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