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PLDT starts unloading Rocket stake

PLDT, Inc. has started unloading its shares in German e-commerce investor Rocket Internet AG, as part of its plan to fund its massive capital expenditure program this year. In a statement, PLDT said its indirect subsidiary PLDT Online Investments Pte. Ltd. has committed sell at least 6.8 million Rocket Internet shares back to the German […] The post PLDT starts unloading Rocket stake appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

PLDT not ‘under pressure’ to sell remaining Rocket Internet shares

PLDT, Inc. said it is not under pressure to divest the remaining stake in Rocket Internet after it has started unloading its shares in German e-commerce investor as part of its plan to fund its massive capital expenditure program this year. PLDT Chairman, President and CEO Manuel V. Pangilinan said there is no pressure to […] The post PLDT not ‘under pressure’ to sell remaining Rocket Internet shares appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 18th, 2018

PLDT raising cash, unloading stake in Germany’s Rocket Internet

Telco giant PLDT Inc. announced the beginning of its exit from Germany's Rocket Internet as it seeks to raise money to finance its historic capital spending of P58 billion in 2018.   PLDT told the Philippine Stock Exchangeon Mondaythat it committed to sell around 6.8 million of its shares back to Rocket Internet for about 163.2 million Euros (P10.5 billion).   This amounted to over half (or 67.4 percent) of its roughly 10.1 million shares in the company, which recently announced the buyback of up to 15.47 million shares at 24 Euros apiece. PLDT, through PLDT Online, currently owns about 6.1 percent of Rocket Internet.   PLDT first invested in Rocket Inter...Keep on reading: PLDT raising cash, unloading stake in Germany’s Rocket Internet.....»»

Category: newsSource:  inquirerRelated NewsApr 16th, 2018

PLDT keeping remaining shares in Rocket Internet

Telco giant PLDT Inc. is holding on to its remaining shares in European internet company Rocket Internet after selling the bulk of its stake last month......»»

Category: financeSource:  philstarRelated NewsJun 15th, 2018

PLDT sells bulk of Rocket Internet shares

Telco giant PLDT Inc. completed the sale of most of its stake in Germany's Rocket Internet, a tech company it entered four years ago. PLDT said it had sold back to Rocket 6.8 million shares va.....»»

Category: newsSource:  philippinetimesRelated NewsMay 8th, 2018

Rocket Internet accepts PLDT’s stake sale offer

Rocket Internet has accepted PLDT Inc.’s offer to sell 67.4 percent of the telco’s stake in the European company for P10 billion......»»

Category: financeSource:  philstarRelated NewsMay 7th, 2018

PLDT reduces Rocket stake to 2%

PLDT, INC. on Monday said it has completed the sale of most of its shares in German e-commerce investor Rocket Internet. In a statement, PLDT said Rocket Internet has accepted 6,800,000 Rocket shares tendered by PLDT subsidiary PLDT Online Investments Pte. Ltd. at €24 per share or a total of €163.2 million. This represents around […] The post PLDT reduces Rocket stake to 2% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 7th, 2018

PLDT unit seals partial sale of Rocket Internet stake

MANILA, Philippines – A unit of PLDT Incorporated  sold bulk of its shares in Rocket Internet SE, a German investor in technology start-ups, for a total of about €163.2 million (P10.10 billion), with the proceeds going toward its historic high capital spending budget for the year. PLDT told the Philippine Stock Exchange (PSE) ........»»

Category: newsSource:  rapplerRelated NewsMay 7th, 2018

MVP: No pressure to divest in Rocket

PLDT Inc. plans to hold on to its remaining stake in Rocket Internet as it expects improvement in the European company’s share price in the long term......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

PLDT raising P10.5 billion from sale of Rocket stake

PLDT Inc. is selling more than half or 67.4 percent of its shares in Rocket Internet SE under a buyback program for P10.5 billion......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

PLDT expects recurring core profit to hit P24 billion in 2018

By Krista A. M. Montealegre, National Correspondent PLDT, Inc. expects a better year after earnings took a hit in 2017 from accelerated depreciation costs, with the dominant telco mulling the sale of its stake in German start-up Rocket Internet AG to finance its record capital expenditure (capex) program. In a briefing in Makati City on […] The post PLDT expects recurring core profit to hit P24 billion in 2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 8th, 2018

PLDT completes P1.6 billion investment in software firm

Telco giant PLDT Inc. has completed its investment in Multisys Technologies Corp. which is equivalent to nearly half ownership stake in the local software development and IT solutions provider......»»

Category: financeSource:  philstarRelated NewsDec 5th, 2018

PLDT inks P1.6-billion investment deal with software firm

Telco giant PLDT Inc. is pushing through with its acquisition of nearly half ownership stake in a local software development and IT solutions provider......»»

Category: financeSource:  philstarRelated NewsNov 26th, 2018

Tencent, KKR buy into PLDT’s Voyager

PLDT, Inc. has found a foreign partner for unit Voyager Innovations, Inc., on Thursday announcing a $175-million deal with Chinese internet services provider Tencent Holdings Ltd. and US-based global investment firm KKR. The deal, which involves the sale of new shares in PLDT’s digital arm, will give a minority stake to Tencent and KKR and [...] The post Tencent, KKR buy into PLDT’s Voyager appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 4th, 2018

IFC, KKR eye stake in Voyager

Industry giant PLDT Inc.'s Voyager Innovations, the developer of the PayMaya mobile wallet, has lured some of the world's biggest investment funds and technology players in a soon-to-be-f.....»»

Category: newsSource:  philippinetimesRelated NewsOct 3rd, 2018

BVR: UAAP champs test mettle in Manila Open

Defending UAAP champions James Natividad and Bryan Bagunas of National University get a chance to gauge their level of play heading into the collegiate season as they vie for the crown in the Beach Volleyball Republic on Tour Manila Open happening this weekend. The Bulldogs and 15 other men’s squads together with 16 women’s entries converge at the Sands SM by the Bay for three days of beach volleyball action starting Friday where a total purse of P60,000 will be at stake. Bagunas and Natividad ruled the UAAP men’s beach volleyball tournament last year at the expense of University of Sto. Tomas and their participation will serve as their final prep up for their UAAP title defense next month. The 16 teams will be divided into four groups that will play in a single round robin format, the top two winners of each pool will advance in the knockout quarterfinals. Playing in the men’s field are James Buytrago and Pol Salvador (NU 2), Ranran Abdilla and Jessie Lopez (Air Force), Krung Arbasto and Jaron Requinton (UST 1), Ian Lee and Rangel Vergara (UST 2), Jeriel Aperal and AJ Pareja, KR De Guzman and Efraim Dimaculangan, Pemie Bagalay and Greg Utupo, Jude Garcia and Richard Solis (FEU), Joshua Barrica and Joel Villonson (Army), Jayson Ramos and Henry Pecana (PLDT), Clifford Inoferio Alven Ajas (UE), Russel Garcia and Reiven Velera, Jayjay Solamillo and Gilbert Balmores (Perpetual), EJ Ramos and Edmar Bonono (Cignal) and Kenneth Revilla and Judith Calio (RTU). BVR founders Dzi Gervacio and Bea Tan lead the women’s field with reigning UAAP back-to-back champion Sisi Rondina and new partner Belove Barbo, Klymince Orilleneda and Antonette Landicho of NU, MJ Ebro and Glen Eslapor (UST 2), Ivana Agudo and Marianne Calinawan (FEU 1), Sheena Gallentes and Jamaica Pascua (FEU 2) and Perpetual’s Princess Estanislao and Janine Padue. Rounding up the women’s field are Manalo and Ritual for UE, Ariane Daguil and Melanie Torres for CSB, Coyah Abanto and Jen Manzano for Air Force, Jessma Ramos and Justine Dorog for UP, Abi Goc and Mikee Osorio for UP 2, Macie Candido and Jona De Lima for RTU, Joy Doromal and Jasmine Nabor for Kempal, Hannah Infante and Gracelchen Ave for Adamson and Ponggay Gaston and Jules Samonte for Ateneo.     ---               Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsAug 14th, 2018

GMTBC-Yee Lu Fa Open Championship starts Saturday

The Grand Mall Tenpin Bowling Club (GMTBC) will hold its 4th GMTBC-Yee Lu Fa Invitational Open Championships starting today (Aug. 11) until Aug. 19 at the Sta. Lucia East Bowling Center in Cainta, Rizal. There will be five divisions: Mixed Open, Mixed Classified, Mixed Seniors, Mixed Youth and Youth 14 and under. It will be a handicapping tournament sanctioned by the Philippine Bowling Federation (PBF). Prizes at stake are the highest in any open tournament for this year, according to the GMTBC board of directors composed of Boy Florencio, Peter Plaza, Charles Calamba, Dennis Gallardo, Jun De Guzman, David Ignacio and Selwyn Cabaluna. Major sponsors are Yee Lu Fa Granite Supply ...Keep on reading: GMTBC-Yee Lu Fa Open Championship starts Saturday.....»»

Category: newsSource:  inquirerRelated NewsAug 11th, 2018

Foreign investor group eyes majority stake in PLDT unit

A GROUP of foreign private equity investors is looking to acquire a majority stake in Voyager Innovations, Inc., according to PLDT Chairman, President and CEO Manuel V. Pangilinan. The post Foreign investor group eyes majority stake in PLDT unit appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

PVL: De Guzman, Ultra Fast Hitters ready for tough grind against HD Spikers

The last time PLDT Home Fibr team captain John Vic De Guzman faced defending champion Cignal, the prized scorer together with another power-hitter Mark Alfafara held their ground to topple a star-studded Cignal squad. De Guzman and Alfafara, both members of the national team that saw action in the 2017 Southeast Asian Games in Malaysia, displayed their full arsenal to outgun the Marck Espejo-bannered HD Spikers in four sets. The win helped PLDT get the monkey of its back after a disappointing start in the Premier Volleyball League Season 2 Reinforced Conference men’s division. Crossing paths once again and this time with the Finals berth at stake, De Guzman and the Ultra Fast Hitters hope to reassert their mastery over the reigning titlists at the start of their best-of-three series Sunday at the FilOil Flying V Centre in San Juan. Action begins at 10:00 a.m.   PLDT may have scored an upset over Cignal the last time out but their prelims victory won’t matter much in this battle with too much at stake.     “Sa preparation talagang nag-focus kami sa team. Of course pinractice namin kung ano yung mga possible play ng Cignal,” said De Guzman, who had 21 points in PLDT’s 25-20, 26-24, 26-28, 25-23 win over the HD Spikers last May 20 in Batangas. “Well, yes, tinalo namin sila nu’ng semis pero hindi nangangahulugan ‘yon na magiging kampante kami, especially ngayon semifinals, talagang paghahandaan nila kami. Ganon din kami mas pinaghandaan namin at mas nag-double time kami para mas maging maayos ‘yung flow nu’ng team,” added De Guzman, who had plenty of help from Alfafara in their win over Cignal where the former University of Sto. Tomas standout unleashed 29 point with 26 coming off kills. Cignal claimed the outright Final Four berth while PLDT took the long road to advance in the semis. The HD Spikers are coming off a long layoff. The Ultra Fast Hitters won their first two matches in the round robin quarterfinals only to lose in their last outing against Philippine Air Force to land at no. 4 seed. Despite coming off a loss, PLDT remains optimistic of its chances.        “Ang pinaka key lang namin is ‘yung teamwork. We all know na champion team sila at ilang conferences na silang magkakasama sa isang team unlike us talaga na binunot sa iba’t ibang universities but then again hindi naman magiging hadlang yon para mawalan kami ng kumpiyansa,” said De Guzman. “Malaki ang tiwala ko sa PLDT team especially sa coaches, and I know may purpose si God whatever will be the result of the game.” Game 2 of the series is on July 4 while Game 3, if needed, is on July 6.   --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsJun 30th, 2018

Israel in uproar over Argentina pre-World Cup friendly snub

By Aron Heller, Associated Press JERUSALEM (AP) — The sports-crazed nation of Israel was in uproar Wednesday over Argentina's abrupt cancellation of a World Cup warmup match following pro-Palestinian protests, with some of the country's leaders accusing Lionel Messi and his teammates of caving to terrorism. Israel was eagerly awaiting the sold-out international friendly scheduled for Saturday night at Jerusalem's Teddy Kollek Stadium and the arrival of some of the world's best players. Argentina is one of the most popular national teams among Israelis and fans had been scrambling to get a chance to see Messi in person. But after a fierce Palestinian campaign, which included images of Argentina's white and sky-blue striped jersey stained with red paint resembling blood and threats to burn Messi posters, Argentina's football federation announced it was skipping the event. Claudio Tapia, president of the Argentine Football Association, apologized for cancelling the match but said the safety of the players was at stake. "What has happened in the last 72 hours, the actions, the threats that have occurred have led us to take the decision not to travel," he said during a news conference in Barcelona, where the Argentine team is training prior to the start of the World Cup next week. "(We) apologize to the Israeli community. It's nothing against the Israeli community, the Jewish community and I would like everyone to take this decision as a contribution to world peace," he said. "In the end, they've done the right thing, and this is behind us," Argentina striker Gonzalo Higuain told ESPN. "Health and common sense come first. We felt that it wasn't right to go." Prime Minister Benjamin Netanyahu called Argentine President Mauricio Macri and urged him to intervene, to no avail. Later Wednesday, Israel's Sports Ministry said a "negotiation" about the match was underway, perhaps in hopes of salvaging it, but gave no further details. "It's unfortunate the soccer knights of Argentina did not withstand the pressure of the Israeli-hating inciters, whose only goal is to harm our basic right to self-defense and bring about the destruction of Israel," said Defense Minister Avigdor Lieberman. "We will not yield before a pack of anti-Semitic terrorist supporters." The head of the Palestinian football association, Jibril Rajoub, had called on Arab soccer fans to burn Messi posters and T-shirts if he participated. He has long tried to get soccer's world governing body, FIFA, and the International Olympic Committee to impose sanctions against Israel. Rajoub believes Israel should be punished for restricting movement of Palestinian players, and for forming teams in West Bank settlements. Rajoub had also objected to holding the match in Jerusalem, whose eastern sector the Palestinians claim as their capital. Although the Kollek stadium is in west Jerusalem, it is located in a neighborhood built where a Palestinian village once stood before it was destroyed in the war surrounding Israel's independence in 1948. Following the move, he held a press conference in Ramallah featuring a picture of him with Messi and a sign reading: "From Palestine, thank you Messi." Rajoub had accused Israel of playing politics with the game, by moving it from its original location in Haifa to Jerusalem, and by trying to link it to celebrations surrounding Israel's 70th anniversary. He called it a victory for "ethics and values" of sports. "They tried to use sport as a tool for political ends, and for this I think, they failed," Rajoub said. Israeli President Reuven Rivlin said it was a sad morning for Israeli sports fans, including his own grandchildren. "But there are values that are greater than even Messi. The politicization of the Argentinean move worries me greatly," he said. Opposition figures, however, accused Israel's headline-seeking sports minister Miri Regev of bringing on the politicization of the sporting event by insisting on moving the game from Haifa to contested Jerusalem and by trying to orchestrate a politicized photo-op with Messi. Israel captured east Jerusalem in the 1967 Mideast war and annexed the area in a move that is not internationally recognized. Israel considers the entire city to be its capital, while the Palestinians seek east Jerusalem as the capital of a future state. Regev rejected the backlash at a press conference Wednesday evening saying "there is no bigger lie" than claims her decision to hold the match in Jerusalem aided in its cancellation. She said the Argentinians had not objected and that Messi himself had wanted to visit sacred Christian and Jewish sites in the holy city. Regev said the match was canceled following "threats by terror elements sent to Messi and his family and to other players." Opposition leader Isaac Herzog called the snub a "spectacular own goal" by Regev that delivered victory to boycotters of the Jewish State. Labor Party leader Avi Gabbay called for a police investigation into Regev's "corrupt conduct." "We just absorbed a shot in the face. This is not just sports," he tweeted. "This, unfortunately, could start an international tsunami." Regev claimed that "terrorist" groups had made threats against Argentina's players and their families, sending them images of dead children, though she gave no further evidence. She accused members of the Israeli parliament, or Knesset, of backing the boycott advocates. "Unfortunately, we have Trojan Horses in the Knesset who give headwind to terrorism," she said. The Palestinian militant Islamic group Hamas praised Argentina for canceling the game. Spokesman Husam Badran said Hamas "applauds" the move and reiterated its position that rejects "all forms of normalization" with the Jewish state. A senior official at the Argentine Football Federation said the national team decided to call off the match with Israel after receiving threats from Hamas. The official, who spoke to The Associated Press on condition of anonymity due to safety concerns, did not provide evidence or details of the alleged threats. A Hamas official mocked reports that the group had threatened the players, calling them unrealistic, and saying they don't deserve a comment. The Hamas official was not authorized to comment in the issue and also spoke on condition of anonymity. Hamas is sworn to Israel's destruction and has ruled Gaza with an iron fist since it took over the territory in 2007. Israel and the United States consider it a terror organization for its bombings, shooting and rocket attacks targeting civilians. Israel has largely fended off the boycott campaign with only a small number of artists and organizations shunning the country. Argentina's snubbing would appear to be the boycott movement's greatest achievement thus far. The grassroots movement advocates boycotts, divestment and sanctions against Israel in what supporters say is a way to promote Palestinian rights through nonviolent means. Israel says the campaign goes beyond Israeli occupation of lands claimed by the Palestinians and masks a deeper aim of delegitimizing or even destroying the country. It has formed a government ministry whose primary mission is to combat the boycott movement. The Argentinean move, which featured on the front pages of all the major Israeli dailies, raised fears that it could serve as a template for future boycotts of Jerusalem, most notably next year's scheduled hosting of the popular Eurovision song contest. The Palestinians celebrated the cancellation as a major triumph. Israeli organizers said an offer had been floated to have the game played in Barcelona instead, but it was highly unlikely. "I think sports should never be involved with politics," said Shahaf Ashraga, a fan in Jerusalem. "It just makes me sad to think that the game has to be canceled because of the Palestinian pressure." Argentina opens its Group D campaign in Russia against Iceland on June 16. It then plays Croatia on June 21 and Nigeria on June 26. It is unclear whether Argentina will play another warmup, or if it will arrive in Moscow ahead of schedule. ___ Associated Press writers Debora Rey and Victor Caivano in Buenos Aires, Argentina, contributed......»»

Category: sportsSource:  abscbnRelated NewsJun 7th, 2018

Kiefer Ravena starts drive for drug awareness

Gilas and NLEX guard Kiefer Ravena began his personal crusade to raise awareness of banned substances, particularly performance-enhancing drugs, and distributed the World Anti-Doping Agency (WADA) prohibited list to national athletes Hidilyn Diaz of weightlifting, Cheska Altomonte of softball, Nikko Huelgas of triathlon and James de los Santos of karate in a meeting at the PLDT office in Makati the other day......»»

Category: newsSource:  philstarRelated NewsJun 1st, 2018