PH-listed PLDT exiting Rocket Internet by selling $50m worth stake this year

PH-listed PLDT exiting Rocket Internet by selling $50m worth stake this year

The logo of of Rocket Internet, a German venture capital group is pictured in this September 24, 2014 illustration photo in Sarajevo. REUTERS/Dado Ruvic/File Photo

Philippine-listed telecom and digital services firm PLDT has confirmed Friday that it is selling its remaining stake in German ecommerce investor Rocket Internet worth $50 million to finance its capital expenditures this year.

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