PLDT or the Philippine Long Distance Telephone Co., today, acquired a 51.55% stake of Digitel Telecommunications Phils. The Gokongwei owned company closed the stock-to-stock transaction between PLDT with a transfer of stock worth P74.1 billion. With this acquisition, PLDT currently holds 67% of the Philippines' Cellular market. Gokonwei Group will also be getting a 12.8% stake at PLDT.
