DoCoMo looking to up PLDT holding to 21%

21 Jun 2007

Japanese mobile operator NTT DoCoMo has said it is interested in increasing its stake in Filipino carrier Philippine Long Distance Telephone (PLDT) from 14.5% to 21% (the maximum allowed under the country’s telecoms law), by purchasing shares on the open market or via other deals. In a statement submitted on DoCoMo’s behalf by PLDT to the Philippine Stock Exchange, the cellco said: ‘DoCoMo may increase its ownership of PLDT shares through open market purchases, negotiated purchases, or other transactions, up to the limitation of 21%, if DoCoMo deems market and other conditions as favourable.’

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share