0
Wireless

PLDT acquires 10% stake in Rocket Internet for EUR 333 mln

Thursday 7 August 2014 | 13:56 CET | News
Philippine Long Distance Telephone Company (PLDT) and Rocket Internet have signed a global partnership agreement to jointly develop online and mobile payment services in emerging markets. Under the terms of the agreement, PLDT will invest EUR 333 million for a 10 percent stake in Rocket.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Philippine Long Distance Telephone / PLDT / Smart Communications
Countries: Philippines / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

PLDT to refinance PHP 16 bln maturing obligations through bank loans

Published 13 Mar 2018 08:24 CET | Philippines
Philippines operator PLDT and its mobile unit Smart have confirmed that they plan to refinance their maturing obligations of PHP ...

PLDT secures USD 400 mln loans from Japan banks

Published 09 Mar 2015 09:08 CET | Japan
Philippine Long Distance Telephone (PLDT) and its subsidiary Smart Communications have recently signed two separate loan facility ...

PLDT, Rocket Internet launch Philippines Internet Group

Published 21 Jan 2015 14:05 CET | Philippines
Philippine Long Distance Telephone (PLDT) and Rocket Internet have launched a new joint venture to strengthen their existing ...

PLDT, Rocket Internet create m-payments JV

Published 06 Jan 2015 13:20 CET | World
Philippine Long Distance Telephone (PLDT) and Rocket Internet have signed a definitive agreement to establish a global joint ...

Rocket Internet to launch ten more startups in 2015

Published 17 Nov 2014 14:58 CET | Germany
German startup incubator Rocket Internet announced that it would be launching three more startups this year and another ten in ...

Rocket Internet prices IPO at EUR 42.50 per share

Published 02 Oct 2014 08:58 CET | Germany
Philippine Long Distance Telephone Company (PLDT) has announced that its Rocket Internet subsidiary has priced its initial public ...

PLDT welcomes Rocket Internet's IPO plans

Published 11 Sep 2014 08:28 CET | World
Philippine Long Distance Telephone Company (PLDT) has welcomed Rocket Internet's plans to proceed with an initial public offering ...

Rocket Internet to raise EUR 750 mln in IPO

Published 10 Sep 2014 10:37 CET | World
German start-up incubator Rocket Internet has announced plans for an initial public offering of shares. The listing on the ...

PLDT, Smart, Rocket Internet set up m-payment JV

Published 29 Aug 2014 09:16 CET | World
Top officials of Philippine Long Distance Telephone Company (PLDT), Philippines mobile operator Smart Communications and ...

Holtzbrinck takes direct stake of 2.5% in Rocket Internet

Published 22 Aug 2014 14:30 CET | World
Holtzbrinck Ventures has agreed to exchange its stakes in seven of Rocket Internet's most developed e-commerce businesses for a ...

PLDT's stake in Rocket Internet diluted to 8.6%

Published 19 Aug 2014 08:53 CET | World
Philippine Long Distance Telephone Company's stake in Rocket Internet has been diluted to 8.6 percent from 10 percent, following ...

United Internet buys 10.7% of Rocket Internet

Published 18 Aug 2014 09:47 CET | World
United Internet is investing EUR 435 million in a 10.7 percent stake in Rocket Internet. It will pay EUR 333 million in cash, and ...

PLDT to pay H1 interim dividend of PHP 69 per share

Published 11 Aug 2014 13:11 CET | Philippines
The board of directors of Philippine Long Distance Telephone (PLDT) has approved an interim dividend payment for the first six ...





Calendar   /   Industry Events

05 Aug Starhub Q2 2021
05 Aug Uniti Group Q2
05 Aug OTE Q2
05 Aug FireEye Q2
05 Aug InterDigital Q2
05 Aug Switch Q2 2021
05 Aug Cogent Communications Q2 2021
05 Aug BCE Q2 2021
05 Aug Gogo Q2 2021
05 Aug CommScope Q2
05 Aug DigitalBridge Q2
05 Aug Motorola Solutions Q2
05 Aug Tucows Q2 2021
05 Aug WideOpenWest (Wow) Q2
05 Aug Vonage Q2 2021
05 Aug United Internet Q2 2021
05 Aug Swisscom Q2 2021
05 Aug Viasat fiscal Q1
05 Aug ON Semiconductor analysts meeting
05 Aug Frontier Communications investors meeting
05 Aug FCC meeting
06 Aug NTT fiscal Q1
06 Aug RTL Group Q2 2021
06 Aug TDS, US Cellular Q2 2021
06 Aug PCCW H1 results
09 Aug Sohu.com Q2 2021
09 Aug Cable One Q2 2021
09 Aug Synchronoss Technologies Q2 2021
09 Aug Ceva Q2 2021
09 Aug Turk Telekom Q2 2021
::: More Calendar Items