Filipino telco Philippine Long Distance Telephone Company (PLDT) is in talks concerning the acquisition of a stake in the country’s second-largest TV broadcaster GMA Network. The telco’s chairman Manuel Pangilinan confirmed late last week that negotiations were underway, adding that a deal could be finalised ‘within the year’. GMA Network vice president for investor relations and compliance, Ayahl Air Augusto Chio, echoed Pangilinan’s comments in a stock market filing, Friday, but said that no agreement has been reached
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OVETEL PLDT in talks to acquire stake in broadcaster GMA Network
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