Asia
Manila Electric Unit to Sell 65.1% Stake in Radius Telecoms for MYR3 Billion
Manila Electric Co. (PSE:MER) unit Paragon Vertical will sell its 65.1% stake in Radius Telecoms to PLDT (PSE:TEL) for about PHP 2.9 billion pesos.The deal will give PLDT full ownership of Radius once all closing conditions and regulatory approvals are completed.Upon completion, Radius will cease to be a Meralco subsidiary and will become a wholly owned unit of PLDT, the filing said.
PSE:MERPSE:TEL
