First Pacific considers PLDT acquisition

9 May 2005

Hong Kong-based First Pacific has revealed that it is considering the acquisition of two regional telcos, one of which is Philippine Long Distance Telephone (PLDT). PLDT’s chairman said that the takeover would be in line with the company’s regional expansion strategy. First Pacific has not revealed the other possible acquisition target.

Hong Kong, Philippines, PLDT Inc. (incl. Smart Communications and Sun Cellular)