Sunday 20 May
Powered by Ajaxy
Nov 4, 2016 @ 18:29

Ayalas take control of Aussie phone retailer’s PH network


Globe Telecoms is taking over Taodharma Inc.,the exclusive licensee of Allphones Australia in the Philippines.

The Ayala-led firm informed the Philippine Stock Exchange that its board of directors approved the increase of its stake in Taodharma from 25 percent to 67 percent.

“Accordingly, the change of our stake in Taodharma shall be reflected in the pertinent regulatory reports,” Globe said.

Globe entered into an exclusive partnership with Allphones to widen its distribution footprint.

Allphones has more than 50 branches in the Philippines, carrying the widest range of handset brands, including device accessories and other gadgets.

It prides itself with a tablet-based, digital, and paperless process for faster, safer and more seamless plan applications.

Tags: , , , ,

Related Stories
GMA Network Inc. is investing P700 million to launch its digital television service next month.
Bilyonaryo Enrique K. Razon, who owns global port operator International Container Terminal Services Inc., has
Think inflation is bad? It might even get worse. Prices of basic goods are rapidly
Japanese global apparel retailer Uniqlo will open its first global flagship store in the Philippines,


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.