KKR, Tencent lead $175m investment in PLDT fintech unit
KKR and Tencent Holdings have led a $175 million investment in a financial technology unit of Philippines telecom giant PLDT. It is said to be the largest ever investment in a local technology company.
The deal is KKR’s first private equity commitment in the Philippines and has been positioned as part of a plan to target high-growth markets ready to benefit from rapid technology adoption. The firm...
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