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PLDT acquires 10% stake in Rocket Internet for EUR 333 mln
2014-08-07 13:56:00| Telecompaper Headlines
(Telecompaper) Philippine Long Distance Telephone Company (PLDT) and Rocket Internet have signed a global partnership agreement to jointly develop online and mobile payment services in emerging markets. Under the terms of the agreement, PLDT will invest EUR 333 million for a 10 percent stake in Rocket.
Tags: internet
eur
rocket
stake
Category:Telecommunications
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