Voyager builds technology platforms and products for financial services, digital commerce, digital marketing and consumer engagement that enable individuals, businesses, organizations and whole cities to reach out and serve more people.
PLDT HOME believes that the strongest connections are at home. It provides Filipino families with a compelling suite of multimedia products and services so they can stay connected and easily access quality entertainment, information, security and other digital services in the comfort of their homes.
PLDT Enterprise is the group’s B2B arm and is tasked with the mission of empowering Philippine enterprises large and small as they pursue their respective digital transformation journeys.
ePLDT is the premier information and communications technology company in the country, delivering world-class solutions to both large enterprises and the SMEs across various industries.
PLDT Global delivers international services for overseas Filipinos as the leading offshore Filipino information and communications technology company.
Smart Communications is the group’s wireless services provider that provides a wide range of innovative prepaid, postpaid and mobile broadband services.
Sun offers a wide range of service innovations for mobile telephony from voice, messaging and international roaming services to wireless broadband and value-added services.
TNT is Smart's value brand that provides fast and reliable LTE connections and affordable call, text and data services.
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The First Payment, representing 50% of the equity payment price of PHP52.85 billion, was paid earlier today, upon signing of the SPA. The Second Payment, representing 25%, will be due on 1st December 2016 with the Final Payment, or the remaining balance of 25%, due on 30th May 2017. The liabilities of PHP17.15 billion were assumed by PLDT and Globe upon signing.
PLDT and Globe have caused and have undertaken to cause the acquired companies to relinquish certain radio frequencies in the 700 MHz, 850 MHz, 2500 MHz, and 3500 MHz bands and to return these radio frequencies to the Government through the National Telecommunications Commission (“NTC”). The NTC has today approved the use by Smart Communications, Inc of certain radio frequencies in the 700MHz, 900MHz,1800MHz, 2300MHz, and 2500MHz bands.
PLDT Chief Executive Officer, Manuel V Pangilinan, said, ““PLDT has an execution team in place already which will enable PLDT to integrate this Acquisition rapidly into our current network and capex plans. It is fully our intention to improve Internet access and coverage nationwide on an accelerated basis.”
For this transaction, UBS AG acted as Financial Advisor to PLDT while Picazo, Buyco, Tan and Fider acted as Legal Advisor.
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