Digitel to acquire more shares of its Sun Cellular subsidiary

2 Mar 2009

Digitel Telecommunications Philippines Inc (DTPI), the Gokongwei group’s telecom arm, is purchasing additional shares to be issued by Digitel Mobile Philippines Inc (DMPI), its mobile unit that runs Sun Cellular. It is understood that DTPI, which is controlled by JG Summit Holdings, will buy three million shares that will be issued by its mobile subsidiary for PHP2,000 (USD40.89) each, the company said in its disclosure to the Philippine Stock Exchange (PSE).

Philippines, Sun Cellular (Philippines)