Exec details PLDT and Meralco synergies

A top executive of the conglomerate that now has an assured seat in the board of power giant Meralco recently detailed why it accumulated billions-peso worth of Meralco shares in the open market.

Ray Espinosa, vice chairman of PLDT Beneficial Trust Fund, the corporate vehicle of the PLDT Group for the Meralco stake, told ABS-CBN News that it is interested in Meralco because it could share in the latter’s network of poles and could realize savings in servicing common set of clients.

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