None
EN
PLDT injects US$20.5m into data unit Kayana to fuel new growth
['Manny Pham', 'John Tanner', "Vaughan O'Grady"]
Developing Telecoms | Telecom news portal for emerging markets - Developing Telecoms
Philippines-based operator PLDT has invested PHP1.215 billion (US$20.5 million) in its data analytics unit Kayana, doubling down on efforts to unlock new growth engines across the wider group.
In a stock exchange filing, PLDT said it purchased 1.215 billion Kayana shares at PHP1 apiece.
Despite the fresh capital injection, PLDT’s stake in the business remains unchanged at 45%, with Metro Pacific Investments Corp and its subsidiary Manila Electric each holding 27.5%.
PLDT previously held a 60% stake in Kayana after an earlier PHP840 million share acquisition, but diluted its position after opening a share subscription to other investors.
Kayana, formerly known as DigiCo, aggregates and analyses data across the group to deliver personalised services and help unlock new revenue streams.