This is a reply by PLDT to a letter published earlier this week by a US based investor. The original letter can be read by clicking the 'related article' at the bottom of this article.
Dear Editor
Eyal Shram raises some good interesting points regarding the flawed decision of First Pacific to sell controlling shares of Philippine Long Distance and Telephone Company PLDT to a competitor. In particular, we agree with his fundamental point that the First Pacific-Gokongwei deal, may not be a good deal for PLDT's minority shareholders, given my own impression of Mr. Gokongwei's past investment style. We also appreciate Mr. Shram's support of our President, Manuel V. Pangilinan's commitment to long-term...
