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.

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