Submitted by mcco on Thu, 04/23/2015 - 13:01

Manila, Philippines, 23rd April 2015 – Philippine Long Distance Telephone Company (“PLDT”, PSE: TEL, NYSE: PHI), the leading telecom operator in the Philippines, today announced an investment of US$15 million in iflix, which plans to be Southeast Asia's leading Internet TV service.

iflix will launch an Internet TV service that will make available to 600 million consumers in
Southeast Asia access to thousands of hours of top TV shows and movies from all over the world for a low monthly price.

PLDT’s investment is in line with its strategy to develop new revenue streams and to
complement its present business by participating in the digital world beyond providing access and connectivity.

For a copy of the iflix Press Release click here.

 

Tags

Category
Thumbnail
Meta OG Image