PLDT Inc. Executes Agreement to Acquire Remaining 65.1% Stake in Radius Telecoms
Summary
PLDT Inc. has executed a Share Purchase Agreement to acquire the remaining 65.1% equity interest in Radius Telecoms, moving closer to full ownership of the company.
Key Events
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Share Purchase Agreement Executed
PLDT Inc. executed a Share Purchase Agreement on June 4, 2026, with Paragon Vertical Corporation to acquire Paragon's 65.1% equity interest in Radius Telecoms, Inc.
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Path to 100% Ownership
Upon closing, which is subject to regulatory approvals and conditions, PLDT Inc. will own 100% of Radius Telecoms.
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Follows Prior Acquisition Announcement
This agreement follows the company's previous disclosure on May 14, 2026, regarding its plans to fully acquire Radius Telecoms.
Analysis
This filing confirms the execution of the Share Purchase Agreement for the remaining 65.1% equity interest in Radius Telecoms. This is a concrete step towards PLDT Inc. achieving 100% ownership, solidifying the strategic acquisition that was previously announced on May 14, 2026. The completion of this acquisition is subject to regulatory approvals and closing conditions.
At the time of this filing, PHI was trading at $18.27 on NYSE in the Technology sector, with a market capitalization of approximately $4B. The 52-week trading range was $17.93 to $24.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.