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Filipino telco PLDT picking 10% in Rocket Internet for $445M, to jointly push online payment solutions in emerging markets

Thursday, August 7, 2014 | More »

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German e-commerce incubator-cum-investor Rocket Internet has raised $445.1 million by selling 10 per cent stake to Philippine Long Distance Telephone Company (PLDT), a leading telecom operator in the Philippines, which sets a valuation of around $4.45 billion ahead of a rumoured public float of the ...