EPLDT acquired 100 percent of the shares of SPi Technologies, Inc., from SPi's sole shareholder, SPi Tech L.P. for US$135.34 million in cash, PLDT said in a disclosure Tuesday.
As part of the transaction, ePLDT also acquired a $ 7.0 million debt owed by SPi at face value. In addition, ePLDT advanced $ 16.43 million to SPi in order for SPi to fully pay its debt owed to DBS Bank Singapore.