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PLDT, Rocket Internet form Philippines Internet Group

2015-01-21 12:37:02| Telecom - Topix.net

MANILA The Philippine Long Distance Telephone Company and Rocket Internet have created a new joint venture to focus on creating and developing online businesses in the Philippines. PLDT, through Smart subsidiary Voyager Innovations Inc., said it is investing about $34.7 million for a 33.3 percent stake in the partnership with an option to increase this to 50 percent.

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