PLDT sets up new company to develop global telecom business

While PLCT, owned by First Pacific (0142), released its earnings report, it also announced the new strategy of developing global business. The company will form a company named PLDT Global to set up websites in the main cities around the world, offering international services for these areas. The new founded company planned to be set up as a wholly owned company and to get telecom licenses from 8 countries in North America, Europe and Asia. The company also anticipated to strike up bases in Hong Kong, Singapore and Australia in the middle of this year and to set up bases in Japan, Taiwan and Korea at the end of the year.  

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