DoCoMo to invest USD300 million in PLDT

4 Jan 2006

Japanese cellco NTT DoCoMo has announced plans to invest USD300 million in Filipino fixed line operator PLDT, according to a report by news agency AFP. The report quotes the country’s president Gloria Macapagal-Arroyo, who revealed the news on national television. The report also hinted that NTT might increase its equity interest in PLDT if it ventures into the 3G arena.