PLDT raises Airborne Access stake

11 Aug 2005

PLDT unit ePLDT has upped its stake in Wi-Fi company Airborne Access (AA) from 1.9% to 51%, paying PHP20 million (USD356,000) for the additional shares. The company hopes that the move will help it compete with rival Wi-Fi operator GlobeQUEST. AA currently operates around 90 Wi-Fi hotpoots, while Globe QUEST has 20.