PLDT aims to buy time for cellular-phone unit

Article Abstract:

Philippine Long Distance Telephone Co. (PLDT) announced that it would agree to infuse two billion pesos ($51.4 million) into its struggling cellular-telephone unit, Pilipino Telephone Corp. (Piltel). The investment is an attempt by PLDT to buy time for the unit's rehabilitation. Manuel Pangilinan, the president of PLDT, said that the company would increase its equity in the unit providing that creditors extend Piltel's debt repayment period.

Comment:

To infuse two billion pesos ($51.4 million) into struggling cellular-telephone unit, Pilipino Telephone

Philippines, Abstract, Philippine Long Distance Telephone Co., PHI

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Thaksin purges president, board of Thai Airways

Article Abstract:

Thailand's prime minister, Thaksin Shinawatra, has fired the president and the board of Thai Airways. The prime minister had expressed frustration over the inner battles going on at the national carrier.

Scheduled Airlines, Scheduled Air Transportation, Executive changes & profiles, Air Transportation, Scheduled, And Air Courier Services, Officials and employees, Corporate directors, Airlines, Appointments, resignations and dismissals, Powers and duties, Thaksin, Shinawatra (Thai prime minister), Thai Airways International PCL

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Creditors look set to back debt plan for Thai Telephone

Article Abstract:

Thai Telephone and Telecommunications PCL's creditors are expected to approve a debt restructuring plan for the company. Thai Telephone has debts worth 44.4 billion baht (1.14 billion euros).

Thai Telephone and Telecommunications

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