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Article: NTT DoCoMo Eyes Philippine Telco Stake.
- Article from:
- TelecomWeb News Digest
- Article date:
- January 4, 2006
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Japan's NTT DoCoMo, which has made a series of international investments in recent months, reportedly is on the verge of investing in the largest telecom company in the Philippines.
According to local Filipino press reports, NTT DoCoMo is set to invest some $300 million for a 5-percent stake in Philippine Long Distance Telephone (PLDT). Gloria Macapagal-Arroyo, president of the island nation, disclosed the details of the potential deal, saying she had been briefed by PLDT's chairman. PLDT itself later confirmed it is in talks with NTT DoCoMo, but it issued the standard boilerplate warning that there was no assurance a deal would be cut.
PLDT owns ...