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Dominant carrier Philippine Long Distance Telephone Co. (PLDT) embarked on its biggest overseas investments yet after closing a deal acquiring a 10 percent stake in Rocket Internet AG of Germany worth close to P20 billion.

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Dominant carrier Philippine Long Distance Telephone Co. (PLDT) embarked on its biggest overseas investments yet after closing a deal acquiring a 10 percent stake in Rocket Internet AG of Germany worth close to P20 billion.

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abtest

PLDT invests record P20 B for stake in Rocket Internet

By Lawrence Agcaoili | August 8, 2014 - 12:00am

Dominant carrier Philippine Long Distance Telephone Co. (PLDT) embarked on its biggest overseas investments yet after closing a deal acquiring a 10 percent stake in Rocket Internet AG of Germany worth close to P20...

Business