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Investment Summary

First Pacific Invests In PLDT

On February 28, 2007, First Pacific invested in communications company PLDT for 511M USD

Investment Highlights
  • This is First Pacific’s 1st transaction in the Communications sector.
  • This is First Pacific’s 2nd largest (disclosed) transaction.
  • This is First Pacific’s 1st transaction in Philippines.

Investment Summary
Date 2007-02-28
Target PLDT
Sector Communications
Investor(s) First Pacific
Deal Type Stake Purchase
Deal Value 511M USD

Target

PLDT

Makati City, Philippines
PLDT is a telecommunications service provider in the Philippines. Through its principal business groups – fixed line, wireless and others – PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line and cellular networks. PLDT was founded in 1928 and is based in Makati City, Philippines.

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Investor(S) 1

Investor

First Pacific

Hong Kong, China
Category Company
Founded 1981
Sector Business Services
Employees107,612
Revenue 10.1B USD (2024)
DESCRIPTION

First Pacific is an investment management and holding company with operations located in Asia. Our principal business interests relate to Telecommunications, Infrastructure, Consumer Food products and Natural Resources. First Pacific was founded in 1981 and is based in Hong Kong, China.

DEAL STATS #
Overall 2 of 4
Sector: Communications M&A 1 of 2
Type: Stake Purchase M&A Deals 2 of 2
Country: Philippines M&A 1 of 2
Year: 2007 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-09 Del Monte Pacific

British Virgin Islands, United Kingdom

Del Monte Pacific engages in processing, manufacturing, and packing pineapple and tomato products. Del Monte Pacific was founded in 1886 and is based in British Virgin Islands, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-26 Digital Telecommunications Phils

Quezon City,, Philippines

Digital Telecommunications provides various telecommunications services primarily in the Philippines.

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