PLDT unit completes purchase of 10% stake in Bayad Center

PLDT Inc. subsidiary DigiCo has completed the acquisition of a 10-percent stake in bills payment provider Bayad Center. In a disclosure on Thursday, the five-month old company said it had purchased 56,105 common shares of CIS Bayad Center Inc.—a company controlled by another Pangilinan-led company, Manila Electric Co. (Meralco)—for P320 million. The amount was paid
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