Tuesday, 03 July 2007

First Pacific aims to sell PLDT shares to NTT in '07

(Reuters) - Manuel Pangilinan, First Pacific chief executive and
Philippine Long Distance Telephone Co chairman,
told reporters the talks center on a 6.3 percent stake bought
by First Pacific from the government earlier this year.




The NTT group, Japan's biggest phone company, holds a 15.5
percent stake in PLDT, up from 14.5 percent on April 16,
according to a filing with the U.S. Securities and Exchange
Commission on Monday.


Read more at Reuters.com Mergers News

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