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MVP companies consolidate ownership in PLDT data arm

The Philippine Star

|

October 02, 2024

Tycoon Manuel V.Pangilinan's new venture has received additional shares from its parent companies in a transaction that closed the ownership gap among its owners.

- By ELIJAH FELICE ROSALES

In a disclosure to the Philippine Stock Exchange, PLDT said its data arm DigiCo has received separate subscriptions from all its owners.

PLDT, Manila Electric Co. (Meralco) and Metro Pacific Investments Corp.

(MPIC) entered into separate agreements with DigiCo for the subscription of a total of 570 million common shares.

Given this, the ownership structure of DigiCo was also shaken up. Prior to this, PLDT owned 60 percent of DigiCo, with Meralco and MPIC sharing the remainder of the stake equally.

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