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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

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 not in hurry to fully divest from Rocket Internet

MANILA, Philippines – PLDT Incorporated  is not in a hurry to dispose of all of its shares in Rocket Internet SE , as it banks on the optimistic prospects of the Berlin-based tech investor's financial perfomance in the coming months. This comes after the listed telecommunications giant announced on Monday, April 16, that its ........»»

Category: newsSource:  rapplerRelated NewsApr 18th, 2018

PLDT subsidiary selling bulk of Rocket Internet shares

MANILA, Philippines – PLDT Incorporated  is disposing of bulk of its shares in Rocket Internet SE – a German investor in technology start-ups – for a lower price of €24 (P1,545.28) per share, or a total of about €163.2 million (P10.51 billion), to partly fund its historic high capital spending budget for 2018. The ........»»

Category: newsSource:  rapplerRelated NewsApr 16th, 2018

Landbank starts offer to acquire PDS shares

LAND BANK of the Philippines (Landbank) will start making offers to shareholders of the country’s fixed-income exchange this week, with the state lender hoping to sign enough purchase agreements and acquire a majority stake within a month. Landbank President and Chief Executive Officer Alex V. Buenaventura said on Friday that the state-run lender will be […] The post Landbank starts offer to acquire PDS shares appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 4th, 2018

LandBank starts ‘due diligence’ to acquire majority stake in fixed-income bourse

MANILA, Philippines — State-run LandBank of the Philippines on Tuesday said it has started conducting its “due diligence” in its plan to acquire a majority s.....»»

Category: financeSource:  philstarRelated NewsJan 30th, 2018

Atlanta s Matt Ryan aims for happy homecoming in Philly

By Rob Maaddi, Associated Press PHILADELPHIA (AP) — Quarterback Matt Ryan has another shot at a happy homecoming. A berth in the NFC championship game is at stake when Ryan leads the Atlanta Falcons (11-6) against the Philadelphia Eagles (13-3) in a divisional playoff Saturday. Ryan, who grew up rooting for the Eagles and went to Philadelphia's William Penn Charter School, is 1-3 at the Linc. "I'm used to it now," Ryan said about returning home. "Playing as long as I have, I understand regardless of where we play you have to be at your best every week. The one nice part is there will be a lot of familiar faces, friendly faces after the game, which is always nice." Ryan had his worst game of his MVP season last year in Atlanta's 24-15 loss in Philly on Nov. 13, 2016. He was 18 of 33 for 267 yards with one touchdown and one interception. "Obviously, there will be some scheme from that game that we'll take, what went well and what didn't go well and try to improve on that," Ryan said. "We're a different team than we were last year when we played them and they're a different team. It will be some carry over, but it will be a little bit different." Here's some things to watch for when the teams meet in the playoffs for the first time since Philadelphia's win over Michael Vick's Falcons in the 2005 NFC championship game: NICK'S UP: Nick Foles makes his fourth start since replacing Carson Wentz after the MVP candidate tore his ACL in Week 14. Foles played well in his first five quarters and struggled in the next five. He's certainly a dropoff from Wentz, but he's also capable of spectacular performances. Wentz once tossed seven TDs in a game in 2013. He had four TDs in his first start in Week 15. "There's enough substance behind his career that merits having confidence," Eagles offensive coordinator Frank Reich said. 'NORTHEAST' NOISE: There's crowd noise, and then there's the noise generated by Philadelphia fans known for their intensity. Falcons coach Dan Quinn seemed to search for a polite term to compare Eagles fans with the fans the team heard in last week's wild-card win at the Los Angeles Rams. "I'm not going to say more passionate, but I would say more Northeast," Quinn said with a smile. The Falcons have pumped in artificial noise in practice this week but will lean heavily on Ryan and center Alex Mack to use their experience with silent counts and hand signals. "That's huge," said tight end Levine Toilolo. "That's where it all starts, coming off the ball, the cadence and stuff like that. We definitely work on that every week. Their fans, we're expecting a loud crowd in a big playoff game." Mack said he expects Philadelphia's fans "to be really dedicated, really loud, really involved. So it's going to be a challenge just in terms of crowd noise." COMFORT ZONE: After leading the league in scoring in 2016, the Falcons finished the regular season 15th with first-year offensive coordinator Steve Sarkisian. Atlanta averaged 22.1 points per game, down from 33.8 last season. Ryan says he has become more comfortable with Sarkisian, especially the last two weeks in wins over Carolina and the Rams. "I think Sark has done a great job of finding who we are week to week, specifically the last two weeks I think he's done a great job," Ryan said. STOPPING JULIO: The Eagles had some success against Julio Jones in their win last year, keeping him out of the end zone but allowing 10 catches for 135 yards. Jalen Mills held him to four catches for 48 yards when he was matched up against Jones. The second-year pro is confident he can contain Jones again. Ronald Darby will have to cover Jones when he's on his side. "You have to think the ball is coming to him each and every play," Mills said. "Whether they're having a run or a pass play, you've just got to think the ball is coming to him." MULTIPLE BACKS: Both teams have options in the backfield. The Falcons are led by Devonta Freeman, who had 865 yards rushing and seven TDs. Tevin Coleman had 628 yards rushing and five TDs. LeGarrette Blount led the Eagles with 766 yards rushing and scored two TDs. Jay Ajayi had 873 yards rushing and one TD combined with the Dolphins and Eagles. He ran for 130 yards against Atlanta in Miami's win on Oct. 15. ___ AP Sports Writer Charles Odum contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsJan 12th, 2018

5 questions ahead of the NBA s 2017 Christmas Day games

It's already December 25 in the Philippines, but that's still a few hours away in the United States, meaning we have to wait before holiday's best tradition will take place: the NBA's annual slate of Christmas Day games. This year's batch of games sees the 76ers head to MSG to play the Knicks, the Cavaliers go to the Bay to face the Warriors in an NBA Finals rematch, the Wizards tackle the Celtics in an Eastern Conference semis redux, the Rockets battle the Thunder, also a 2017 postseason rematch, and the Timberwolves face off versus the Lakers. While you're unwrapping gifts and munching on Noche Buena leftovers, here are five questions to ponder: 1. Will the injury bug play Grinch to this set of holiday games? The Golden State Warriors officially ruled out Stephen Curry from playing. The LA Lakers just announced that Lonzo Ball is sidelined. Chris Paul is a question mark, while fingers are crossed that Joel Embiid and Kristaps Porzingis will be able to go long when they face off. Injury report for tomorrow's game vs. Cleveland: Shaun Livingston (sore right knee), Kevon Looney (gluteal strain) & Zaza Pachulia (left shoulder soreness) are probable. Stephen Curry (sprained right ankle) is out. — Warriors PR (@WarriorsPR) December 25, 2017 Hurt superstars are definitely the coal in an NBA fan's stocking, but let's hope that despite the absence of some of the bigger names, the games will still be able to provide plenty of entertainment. Bonus question: We may not get Curry vs. LeBron this Christmas, but how great of a consolation gift is Durant vs. LeBron? 2. Who will be the Christmas unicorn? Kristaps Porzingis is of course, the OG unicorn, having the tag bestowed upon him by Kevin Durant. The nickname refers to the mythical convergence of height, ball-handling, skill, and three-point shooting, all of which, Porzingis possesses. He's not alone though, as the 76ers' Joel Embiid has all of that in spades too, it's just that, seeing him on court has been more rare, due to an assortment of injuries that have held him back. Imagine, I suppose, if My Little Ponies could draw DNPs. When Porzingis' Knicks and and Embiid's 76ers collide, all eyes will be on the two, as they will inevitably go head-to-head against each other. As of writing, the Knicks are in the eighth seed in the East, while a 1-9 stretch in their last 10 games has the 76ers on the outside looking in at 10th place, three back of the Knicks. Therefore, it's not just pride at stake here; the East is wide open and every game will matter, as both squads harbor postseason dreams. Bonus question: Will 76ers rookie point guard Ben Simmons wind up stealing the show? 3. Who will triumph in the Wall vs. Irving point guard duel? After some strong starts to the season, the Boston Celtics and the Washington Wizards, the two squads most picked to be potential spoilers to the Cleveland Cavaliers' march to yet another Finals, are going through some rough patches. The Celtics of course, lost Gordon Hayward and started 0-2, but eventually righted the ship through tough defense, only to finish just 5-5 in their latest stretch (though they're still #1 in the conference). Meanwhile, injuries to John Wall and some of their role players have really prevented the Wizards from taking off. They're 18-15, and occupy the seventh spot in the East right now. If someone's going to take charge for either side in this Christmas duel, it'll be each side's respective point guards. Kyrie Irving has embraced being the man for the green and white, while John Wall is an established superstar in the Chocolate City. A Christmas day win for either team could be the foundation for a lengthy run of wins if they can maintain momentum. Bonus question: Who will be the better Morris twin - Boston's Marcus or Washington's Markieff? 4. Which nu-super team will do the most damage, the Rockets or the Thunder? The two most aggressive teams this offseason in revamping their roster to take on the defending champs were without a doubt, the Houston Rockets and the Oklahoma City Thunder. H-Town added Chris Paul and a bevy of long-limbed, rangy defenders who can nail open three's, while OKC formed their version of a big three by trading for Paul George and Carmelo Anthony. The early returns have looked better for the Rox than the Thunder. Even with Paul sidelined, the team was able to shoot to the top of the West standings, and looked even better when CP3 was healthy alongside the Beard, James Harden. On the other hand, it's been an on-going adjustment for reigning MVP Russell Westbrook to integrate the two other established stars. Their defense has been on-point, but their offense is prone to long, fatal droughts. Chris Paul has been listed as doubtful for this one (among several other Houston players), so we may not get the full experience, but this Western Conference Playoffs rematch from last season should still be interesting, even if it's just in an offense versus defense kind of way. Bonus question: Better odds of happening in this game, Harden scores 50+ for a third straight game or Westbrook adds another triple-double to his season tally? 5. Can Kyle Kuzma carry the Lakers? One can make a pretty convincing argument that Kyle Kuzma should be the Rookie of the Year. Despite not being a lottery pick, Kuz has had a major impact on the court, his scoring prowess adding quite the punch to a Lakers team that needs some (okay, a lot). Originally, this question was going to involve Lonzo Ball too, but with the Lakers announcing that his shoulder will keep him out of this game and the rest of the week, this could be a rare opportunity for Kuzma to steal the LA spotlight. Doubly so if Brandon Ingram remains sidelined too. Sure, he'll likely need to contend with the Timberwolves placing super-stopper Jimmy Butler on him, but wouldn't that be a fun duel to watch? Bonus question: How bummed are you that we won't be having LaVar Ball Christmas shenanigans with Lonzo out? The views on this page do not necessarily reflect the views of the NBA, its clubs or ABS-CBN Sports......»»

Category: sportsSource:  abscbnRelated NewsDec 25th, 2017

Opinion: A great deal for who?

LAST WEEK, Metro Pacific Investments (PSE: MPI) issued a press release announcing two separate but interrelated transactions. First, that it was acquiring the remaining 25% of Beacon Electric that it did not already own from PLDT (PSE: TEL) for P21.8 billion. An initial payment of P12 billion was paid in cash with the balance of P9.8 billion spread over four years. To finance this investment, the company also declared that it sold a 4.5% stake in Manila Electric (PSE: MER), equivalent to 50.7 million shares, for P12.675 billion or P250 per share. Separately, JG Summit disclosed a few days later that it bought 27.5 million of the 50.7 million Meralco shares sold by MPI, raising its interest by 2.44%. Reading and listening to various commentary, one would get the impression that it is a win-win deal for all parties involved. In my view, however, there is only one clear winner......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2017

PLDT unit sells Beacon stake to MPIC for P21.8B

PLDT unit sells Beacon stake to MPIC for P21.8B.....»»

Category: newsSource:  manilatimes_netRelated NewsJun 14th, 2017

Corporate News: MPIC ups stake in Meralco, Global Power

METRO PACIFIC Investments Corp. (MPIC) increased its interest in Manila Electric Co. (Meralco) and Global Business Power Corp. (Global Power), after acquiring the PLDT group's remaining stake in Beacon Electric Asset Holdings for P21.8 billion......»»

Category: financeSource:  bworldonlineRelated NewsJun 14th, 2017

PLDT sells entire stake in Meralco, power unit

PLDT sells entire stake in Meralco, power unit.....»»

Category: financeSource:  thestandardRelated NewsJun 14th, 2017

PLDT sells remaining stake in Beacon to MPIC

PLDT sells remaining stake in Beacon to MPIC.....»»

Category: newsSource:  rapplerRelated NewsJun 14th, 2017

PLDT sells remaining stake in SPi Global

PLDT sells remaining stake in SPi Global.....»»

Category: newsSource:  rapplerRelated NewsMay 23rd, 2017

Corporate News: PLDT sells remaining stake in SPi Global to Swiss company

PLDT, Inc. is selling its remaining stake in business process outsourcing (BPO) provider SPi Global Holdings, Inc. to Swiss investment firm Partners Group as part of a $330-million deal......»»

Category: financeSource:  bworldonlineRelated NewsMay 22nd, 2017

PLDT starts search for CEO

MANILA, Philippines -  PLDT Inc......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2017

PLDT holds on to declining Rocket Internet

PLDT holds on to declining Rocket Internet.....»»

Category: newsSource:  rapplerRelated NewsMay 1st, 2017