ePLDT buys internet-based gaming firm PhilWeb

3 May 2006

ePLDT, a wholly owned subsidiary of the Philippine Long Distance Telephone Company (PLDT), is purchasing internet-based gaming business PhilWeb Corp for PHP502.4 million (USD9.76 million). PhilWeb offers internet sports betting and PLDT is expected to assist its nationwide rollout of betting stations and internet casino stations, giving the telco a hold on legitimate gaming content for its mobile business and wireline/wireless broadband customers.