AN OPEN LETTER TO MANNY PANGILINAN
By Eyal Shram, a US-based investor
Dear Mr. Pangilinan
I've been following the PLDTFirst Pacific developments since rumors started circulating back in April that First Pacific was interested in selling all their Philippine-based assets. At first I didn't believe the rumors since this would have indicated that First Pacific was already throwing in the towel on their Philippine bets. It would have been equivalent to buying high and selling low which was hardly First Pacific's investment track record. Now that rumors have been validated by official statements from both sides, I can't help but be utterly amazed at what has transpired the last couple of months since...
