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A New Mobile Payment System to Emerge through this Partnership

PLDT (Philippine Long Distance Telephone Company) had invested $446 million for a 10 percent stake in Rocket. PLDT's investment terms reflect its long-term commitment to Rocket and its unique ability to combine PLDT’s world-class mobile money expertise and resources with Rocket's global platform to drive future value enhancing growth opportunities.

Concurrent with the investment, PLD ...

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