PLDT, Inc. · PSE:TEL
PLDT — Merger or Acquisition (March 2011)
8 slides from PLDT's merger presentation, Mar 29, 2011
Slide 1: PLDT Investment in Digitel: Equity Value of P74.1bn (US$1.7bn)
We’re changing lives. PLDT Investment in Digitel: Equity Value of P74 P74.1bn 1bn (US$1 (US$1.7bn) 7bn) on a 100% basis Investor Conference Call 29 March 2011 1
Slide 2: Transaction Highlights
Transaction Highlights PLDT Investment • Digitel’s equity value of P74.1bn* (US$1.7bn) on a 100% basis Subject of PLDT’s Investment • Controlling interest in Digitel from J. G. Summit (“JGS”) and certain other parties for P69.2bn (US$1.6bn): 9 3.277bn common shares of Digitel representing a 51.55% s
Slide 3: Transaction Rationale
Transaction Rationale ‣ Optimized network management to enhance capacity and expand broadband and 3G coverage for Sun’s subscribers Enhanced consumer ‣ Accelerate roll-out of new technologies such as 4G/LTE for the combined networks services arising from ‣ Leverage Sun’s operations to effectively im
Slide 4: Transaction Milestones
Transaction Milestones Timeline Events 29 March Target signing date of Sale & Purchase Agreement Satisfaction of Conditions Precedent to Closing Tender offer to Digitel Minority PLDT Shareholders’ Governmental Approvals Shareholders Approval ‣ Projected P j t dT Tender d Off Offer period: i d ‣ NTC:
Slide 5: Conclusions
Conclusions ‣ Significant strategic benefits of the Transaction for customers, the general public and shareholders of PLDT and Digitel ‣ Investment in Digitel will leverage the combined expertise of the PLDT Group and Digitel to create a more capable telecommunications company, which hi h will ill b
Slide 6: Forward-looking statements
Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchang
Slide 7: Appendix
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Slide 8: Digitel ownership structure
Digitel ownership structure JGS, together with certain JG family members and other parties, own 51.55% of Digitel... Common shares Convertible bonds and shareholder advances • JGS owns US$ zero-coupon convertible bonds issued by the Digitel Shareholder Mns % Group: JG Summit Holdings, Inc. (“JGS”) 3