CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Mar 7, 2024
2. SEC Identification Number
PW-55
3. BIR Tax Identification No.
000-488-793
4. Exact name of issuer as specified in its charter
PLDT Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Ramon Cojuangco Building, Makati Avenue, Makati CityPostal Code1200
8. Issuer's telephone number, including area code
(632) 8250-0254
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
-
-
11. Indicate the item numbers reported herein
-
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
PLDT Inc.TEL
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
PLDT forms Digico
Background/Description of the Disclosure
MANILA, Philippines 7th March 2024 – PLDT Inc. (PLDT) (PSE: TEL) (NYSE: PHI) today announced the formation of a digital entity that will harness the data assets of the MVP Group of Companies and provide a platform for a serious Group-wide digitalization effort (“Digico”). This collaboration represents the first step in a collective effort to drive new opportunities for growth and value within the MVP group. Digico will be co-owned by PLDT, Smart, Meralco, and Metro Pacific Investments Corporation (MPIC).
Digico will use a tech platform that can enable us to scale up and achieve seamless integration of services and capabilities. Further, payments and rewards systems are expected to be catalysts to empower the overall user experience. The payments platform will serve to provide a ubiquitous omni-channel solution by consolidating the Group’s multiple payments channels. This means a seamless, secure, and versatile experience for customers and businesses can be achieved.
“This will be ‘the app’ for all Filipinos—their default platform for bills, payments, and rewards,” said Kat Luna-Abelarde, Digico Chief Commercial Officer.
“For the MVP Group and our many partners, your growth is a priority for us. Digico will serve as catalyst that could unlock new revenue streams and drive incremental value. For our customers, we are committed to a future where every Filipino can get the convenience and service they deserve,” concluded Manuel V. Pangilinan, the Group CEO.
Other Relevant Information
Please refer to the attached press release.
This press release may contain some statements which constitute “forward-looking statements” that are subject to a number of risks and opportunities that could affect PLDT’s business and results of operations. Although PLDT believes that expectations reflected in any forward-looking statements are reasonable, it can give no guarantee of future performance, action or events.