Stay updated with breaking news from Pacnet Network. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fiber broadband provider Converge ICT Solutions Inc is acquiring the stake of PLDT unit Digital Telecommunications Philippines (Digitel) in two firms involved in cable landing stations in the Philippines.
Converge buys Digitel's stake in cable landing operator
BusinessWorld June 4, 2021 | 12:08 am LISTED fiber broadband provider Converge ICT Solutions, Inc. announced on Thursday that it had acquired shares in cable landing stations operator Digitel Crossing, Inc. and Asia Netcom Philippines Corp. that owns the land assets where the East Asia Crossing (EAC) cable landing is located for $4.84 million and $2.66 million, respectively. In a disclosure to the stock exchange, Converge said it entered into a deed of absolute sale of shares with Digital Telecommunications Phils., Inc. for the acquisition of 10,000,000 common shares in Digita...