News Flash

September 03, 2015, Thursday
  • Hundreds of fishermen join the protest at the Quirino Grandstand vs. supposed restrictive provisions in Amended Fisheries Code. 13 hours ago |
  • Magnitude 6.1 earthquake jolts Sarangani. 13 hours ago |
  • DOTC Sec. Joseph Abaya eyes the awarding of the long-term maintenance contract for MRT 3 within the year. 13 hours ago |
  • Gov’t Procurement Policy Board okays the negotiated mode of procurement for P 2.2B maintenance contract for MRT 3. 13 hours ago |
  • Number of injured in Marikina road accident stands at 14. 13 hours ago |
  • PNP says 10-wheeler trucks like the one that figured in Marikina mishap are not allowed to travel in Barangka. 13 hours ago |
  • Reckless imprudence resulting in homicide & multiple injuries to be filed vs. truck driver involved in Marikina road accident. 13 hours ago |
  • Marikina PNP says cctv shows the 10-wheeler truck involved in Marikina accident was speeding at 60 kph along a curved overpass. 13 hours ago |
  • Marikina PNP identifies the driver of 10-wheeler truck involved in accident in Barangka, Marikina as Fernando Padilla. 13 hours ago |
  • Senators Enrile, Revilla & Fmr. Sen. Edgardo Angara among the respondents in a malversation case linked to PDAF. 13 hours ago |
  • Atty. Levito Baligod asks Ombudsman to probe the alleged misuse of P 500M worth of PDAF by NGOs not related to Napoles. 13 hours ago |
  • Malversation charges filed at Ombudsman vs. 20 incumbent & former lawmakers over alleged questionable use of PDAF. 14 hours ago |
  • Lack of documentary requirements cited as reason why CA did not confirm Comelec Chairman Andy Bautista’s appointment. 18 hours ago |
  • Sen. Juan Ponce Enrile blocks the confirmation of Comelec Chairman Andy Bautista at the Commission on Appointments. 18 hours ago |
  • Jose Maria Abaya surrenders in Camp Caringal, QC after the shooting incident in White Plains that resulted in a woman’s death. 18 hours ago |
  • Inquest proceedings ongoing for Jose Maria Abaya who fired his unlicensed gun at a van in White Plains, QC. 18 hours ago |
  • Victims of road accident in Barangka, Marikina taken to Amang Rodriguez Medical Center & QMMC. 19 hours ago |
  • Driver of 10-wheeler truck that figured in accident along Barangka, Marikina still pinned inside his vehicle as of Wednesday noon. 19 hours ago |
  • PNP Highway Patrol Group (HPG) to begin manning traffic flow at EDSA beginning Monday. 19 hours ago |
  • At least 2 killed as a 10-wheeler truck loses break & rams into 4 other vehicles at overpass going to Barangka in Marikina. 19 hours ago |
  • Some fishermen at Navotas Fish Post preferred to send 'protection' or financial aid to fellow fishermen protesting at Luneta. 21 hours ago |
  • Many fishermen at Navotas Fish Port did not join the 'fish holiday.' 21 hours ago |
  • Maynilad and Manila Water say rotating water supply interruptions may begin next week. 21 hours ago |
  • Maynilad & Manila Water say they will advise customers two days before they implement any 'rotating' water interruption. 21 hours ago |
  • Glitch occurs in new ticketing system that uses 'beep cards' in LRT 2 Santolan Station in Marikina City. 21 hours ago |
  • PNP says it can readily deploy at least 80 Highway Patrol Group members to take charge of traffic flow in EDSA. 21 hours ago |
  • Atty. Levito Baligod to submit to Ombudsman the affidavits of witnesses linking 20 current & past lawmakers to pork barrel scam. 21 hours ago |
  • Murder & illegal possession of firearms filed vs. Jojo Abaya who fired at a van at Katipunan Ave. in QC & killed a female passenger. 21 hours ago |
  • Woman dies as son of a ret. general fires at a van he thought was from a drug rehab center that was fetching him at Katipunan Ave. in QC. 22 hours ago |
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PLDT sells 80% of SPi Global

By MST News | Feb. 06, 2013 at 12:01am
Philippine Long Distance Telephone Co. said Tuesday it agreed to sell 80 percent of wholly-owned unit SPi Global Holdings Inc. to Asia Outsourcing Gamma Ltd., a company controlled by CVC Capital Partners.

PLDT said in a disclosure to the stock exchange it expected to complete the sale of the BPO unit in March, after complying with closing conditions. UBS acted as exclusive financial adviser to PLDT.

“We continually review our strategy and our portfolio. The transaction announced [Tuesday] represents an opportunity for us to realize attractive returns for the benefit of the PLDT group and its stakeholders. At the same time, we are happy to be a 20 percent partner with CVC in business going forward as we remain very confident in the long-term prospects of SPi,” Manuel Pangilinan, PLDT chairman, said.

SPi is one of the world’s largest and diversified BPO service providers in terms of clients, geographic presence and capabilities.

It provides domain expertise in the customer interaction, healthcare and publishing markets. SPi also provides services across a wide range of industries, including banking and financial services, government, information technology, media, non-profit organizations, retail and travel.

Pangilinan said PLDT would reinvest some of the proceeds from the sale into Asia Outsourcing Gamma and continue to take part in the growth of the business as a partner of CVC.

“We are happy to be able to partner with PLDT in this transaction and excited to support SPi as it continues to deliver best in class BPO services and expanding capabilities to its customers,” said Brian Hong, CVC managing director.

“We see many significant opportunities within the attractive BPO segments that SPi serves and look forward to working with the exceptional team at SPi in continuing to grow the company,” he added.

Maulik Parekh, SPi Global president and chief executive, said the company would continue its relationship with PLDT, which is now a minority shareholder in SPi.

“We have an excellent team at SPi and a strong business model which I am confident will allow us to capitalize on the significant market opportunities available to us for the benefit of our customers, employees and stakeholders alike,” he said.
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