MVP Group firms take full ownership of DigiCo

By Ed Paolo Salting

Oct 02, 2024 12:30 am

PLDT Inc. (PLDT) said Tuesday that it and two other companies affiliated with businessman Manuel V. Pangilinan's (MVP) Group had fully acquired digital entity DigiCo, formerly known as Kayana Solutions Inc., by hiking their stakes.

In a stock exchange filing, PLDT said that it, Manila Electric Company (Meralco) and Metro Pacific Investments Corp. (MPIC) had entered into separate subscription agreements with DigiCo to subscribe to a total of 570 million additional common shares.

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