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29 Nov 2018, Aleen Joy Jarasa, EMIS Editor

PLDT’s Voyager completes its Series A funding

As part of PLDT’s series A funding, Chinese tech firm Tencent Holdings Ltd. and investment firm Kohlberg Kravis Roberts & Co. have completed their $175-million investment in Voyager Innovations, Inc., Business World has reported. The deal would see the reduction of PLDT’s share in Voyager to 48%.

Furthermore, the company is also eyeing a $40-million investment from International Finance Corp. (IFC) and IFC Emerging Asia Fund within the next two weeks. “Hopefully the level of losses we will pick up would be much less. But again, it depends on the level of losses that they will realize next year and in 2020”, Business World has quoted a PLDT official. An additional Series B funding is also expected to be raised after two years.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Business World

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