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Philippines' PLDT, Globe to buy San Miguel telecoms assets for US$1.5b

Tuesday, May 31, 2016 - 05:50

Manila

THE Philippines' top two telecoms firms agreed to buy conglomerate San Miguel Corp's assets in the sector for nearly US$1.5 billion in a joint deal they said will significantly upgrade slow Internet services that have been a drag on one of Asia's fastest-growing economies.