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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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