PLDT is currently talking to prospective investors interested in acquiring a minority stake in its data center unit VITRO Inc. as it anticipates that a deal will be signed next year.
PLDT chief finance officer Danny Yu said the negotiations are taking longer than expected, given the due diligence that interested parties have to do before buying into the data centers.
Once an agreement is reached, Yu said PLDT has to submit whatever the agreement would be to the Philippine Competition Commission (PCC) to undergo antitrust review.
As such, Yu believes the telco would be fortunate to sign the deal next year.
Esta historia es de la edición November 14, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 14, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Mixed pump movements seen next week
Following recent hikes, pump prices of petroleum products are expected to move in opposite directions next week.
Smart blocks nearly 2 B malicious text messages
Malicious text messages blocked by Smart Communications Inc. this year have reached nearly two billion, as the company continues to intensify its crackdown against text scams.
No valid grounds to probe VP - ombudsman
For Ombudsman Samuel Martires, there are no valid grounds at this point to investigate Vice President Sara Duterte for her alleged threat to assassinate President Marcos or for her possible misuse of confidential funds amounting to P125 million.
BBM to military: Don't be deceived, stay focused
Amid a worsening rift with the Dutertes, President Marcos reminded the military yesterday to remain true to its mission of protecting the Filipino people and not be distracted by the current political noise.
Marcos tells House: Don't impeach Sara
On mending ties: Never say never
Sara no-show at NBI, asks for rescheduling
Vice President Sara Duterte begged off yesterday from her scheduled appearance before the National Bureau of Investigation (NBI) to answer allegations of grave threat against President Marcos, and sent instead her lawyer to explain her absence and seek a rescheduling.
OVP will not break, says Sara
Entangled in controversies and under investigation for grave threats, corruption and possible violation of the anti-terrorism law, Vice President Sara Duterte said she and the Office of the Vice President (OVP) \"will not break\" and will remain \"strong and resilient.\"
SMDC at 20: Transforming the Filipino dream of homeownership
BUILDING DREAMS, ONE HOME AT A TIME
Discover Terreno South's New Community Park at "Merry Moments at the Park"
Terreno South, Rockwell's first residential development in Lipa, Batangas, located at MK Lina St., Lipa, Batangas, is a 46-hectare horizontal community where urban convenience meets natural serenity.
SUCCESS WITHIN REACH: WHY MANILA IS EVERY LEARNER'S HOME
Manila, often referred to as the \"Heart of Education\" in the Philippines, is the go-to place for education of students from all over the country chasing their dreams.
