Voyager builds technology platforms and products for financial services, digital commerce, digital marketing and consumer engagement that enable individuals, businesses, organizations and whole cities to reach out and serve more people.
PLDT HOME believes that the strongest connections are at home. It provides Filipino families with a compelling suite of multimedia products and services so they can stay connected and easily access quality entertainment, information, security and other digital services in the comfort of their homes.
PLDT Enterprise is the group’s B2B arm and is tasked with the mission of empowering Philippine enterprises large and small as they pursue their respective digital transformation journeys.
ePLDT is the premier information and communications technology company in the country, delivering world-class solutions to both large enterprises and the SMEs across various industries.
PLDT Global delivers international services for overseas Filipinos as the leading offshore Filipino information and communications technology company.
Smart Communications is the group’s wireless services provider that provides a wide range of innovative prepaid, postpaid and mobile broadband services.
Sun offers a wide range of service innovations for mobile telephony from voice, messaging and international roaming services to wireless broadband and value-added services.
TNT is Smart's value brand that provides fast and reliable LTE connections and affordable call, text and data services.
Home → PLDT News Center → News
PLDT’s shares account for 7.5% of the total equity stock of iflix which had a post money valuation of USD450 million following the investment of Sky Plc amounting to USD45 million and the additional investment by SCMA.
Under the terms of its initial investment in iflix in April 2015, whereby PLDT subscribed for non-redeemable convertible notes, the new round of funding triggers the automatic conversion of the Company’s convertible notes into ordinary shares and the termination of the Convertible Note Agreement.
The fresh funds raised by iflix will be used to accelerate its growth in Malaysia, Thailand and the Philippines, as well as for expansion into new markets. As of end-2015, the internet TV service had a total of over a million subscribers, the majority of which are in the Philippines.
In a statement, Sky PLC said that, apart from investing in iflix, the two parties will hold further discussions to identify areas of future collaboration in the high-growth emerging markets in which iflix operates.
Listed on the London Stock Exchange, Sky plc is Europe’s largest media company. It operates a satellite broadcasting service and an on-demand internet video streaming service as well as broadband and telephone services. Europe’s leading investor in telelvision content, Sky serves 21 million customers in 5 European countries – UK, Ireland, Germany, Australia and Italy.
PLDT has partnered with iflix to offer to subscribers of its DSL and fiber-to-the-home services and to mobile subscribers of its wireless brands Smart and Sun the largest library of top U.S., Asian and local TV shows and films available in the region at very affordable prices.
“This new round of funding validates our investment in iflix last year. It enables the company to further strengthen its leadership position and improve its Internet TV services to the benefit of subscribers, particularly those of PLDT and Smart,” said Manuel V. Pangilinan, PLDT and Smart Chairman and CEO.
PLDT.com News Center contains company news and featured content from the PLDT Group.
For media inquiries, email us at email@example.com.
Follow us on social media: