The Philippines’ Securities and Exchange Commission (SEC) has filed documents approving Philippine Long Distance Telephone Company (PLDT’s) valuation of PHP14.64 billion (USD343.49 million) worth of Digital Telecommunications (Digitel) bonds, paving the way for it to secure a near 100% ownership of the firm it took control of in October last year. The SEC’s rubber stamping of the deal will allow for the bonds’ conversion into equity, the filing said
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OVETEL Regulators approve PLDT’s Digitel bond valuation
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