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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 235961 [Title] => MVP assumes active role in First Pacific, sells subsidiary [Summary] => In its first major transaction under chief executive Manuel V. Pangilinan who has taken a more active role in management recently, Hong Kong-based First Pacific Co. (FPC) has sold its 49-percent stake in Escotel, currently the seventh largest mobile telecommunications operator in India, for $15 million (HK$119.9 million), to Idea Cellular, one of Indias major telcos.
[DatePublished] => 2004-01-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 165413 [Title] => Investors worried over FPCs strategic direction [Summary] => Investors have raised long-term concerns as to the uncertainty of Hong Kong-based First Pacific Co. Ltd. (FPC)s strategic direction, following the proposed disposal of two of its largest investments in the region the Philippine Long Distance Telephone Co. (PLDT) and Bonifacio Land Corp. (BLC).
In an analysis of FPCs performance, international financial powerhouse Goldman Sachs noted that First Pacifics strategic direction is highly uncertain and that the market is likely to view the company more as a pure investment holding conglomerate.
[DatePublished] => 2002-06-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ESCOTEL
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 235961 [Title] => MVP assumes active role in First Pacific, sells subsidiary [Summary] => In its first major transaction under chief executive Manuel V. Pangilinan who has taken a more active role in management recently, Hong Kong-based First Pacific Co. (FPC) has sold its 49-percent stake in Escotel, currently the seventh largest mobile telecommunications operator in India, for $15 million (HK$119.9 million), to Idea Cellular, one of Indias major telcos.
[DatePublished] => 2004-01-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 165413 [Title] => Investors worried over FPCs strategic direction [Summary] => Investors have raised long-term concerns as to the uncertainty of Hong Kong-based First Pacific Co. Ltd. (FPC)s strategic direction, following the proposed disposal of two of its largest investments in the region the Philippine Long Distance Telephone Co. (PLDT) and Bonifacio Land Corp. (BLC).
In an analysis of FPCs performance, international financial powerhouse Goldman Sachs noted that First Pacifics strategic direction is highly uncertain and that the market is likely to view the company more as a pure investment holding conglomerate.
[DatePublished] => 2002-06-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
January 22, 2004 - 12:00am
June 21, 2002 - 12:00am
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