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Tie up between PLDT digital arm, foreign firm seen in ’18

Telecommunications firm PLDT Inc.’s digital unit Voyager Innovation is pursuing a partnership with a foreign firm within the year as part of efforts to further improve the delivery of digital services to its subscribers.
This comes as the company prepares for the entry of a third major player in the local telco industry.“The partnership is strategic and financial.
It will excite the market,” PLDT chairman and CEO Manuel V. Pangilinan said recently.
Voyager is a digital innovation firm of PLDT which is involved in financial technology (fintech) through PayMaya, e-commerce and digital marketing.
Pangilinan said last November that PLDT was considering to partner with a Chinese firm to strengthen one of its units or to create a new entity.
Its corporate rival Globe Telecom and its fintech firm Globe Fintech Innovations Inc. (Mynt) has announced a partneship with Jack Ma’s Ant Financial last year.
PLDT is allocating a capital expenditure of more than P50 billion in 2018 for network improvements and deployment of facilities for wireless and fixed line businesses. 

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