PLDT completes Radius Telecoms takeover

On May 14, 2026, the Board of Directors of PLDT (the "Board") approved the proposed acquisition by PLDT of 4,647,494 common shares of Radius, representing the remaining 65.1% equity interest in Radius, from Paragon Vertical Corporation ("Paragon"), subject to the execution of definitive agreements and the satisfaction of applicable closing conditions (the "Proposed Acquisition").

​PLDT currently owns 34.9% of the total issued and outstanding capital stock of Radius. Upon completion of the Proposed Acquisition, PLDT will own 100% of the total issued and outstanding capital stock of Radius.

Radius is a corporation duly organized under Philippine laws and with office address at 12th Floor, Tower 2, Rockwell Business Center, Ortigas Avenue, Pasig City. Radius holds a congressional telecommunications franchise to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, the business of providing basic and enhanced telecommunications services in the Philippines, and between the Philippines and other countries and territories.

Radius is currently 65.1% owned by Paragon and 34.9% owned by PLDT. Paragon is a wholly-owned subsidiary of e-Meralco Ventures, Inc., a wholly-owned subsidiary of the Manila Electric Company ("MERALCO").
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The terms and conditions of the transaction:
 
Number of shares to be acquired or disposed: 4,647,494
Percentage to the total outstanding shares of the company subject of the transaction: 65.1%
Price per share: P631.52
 
The amount of consideration for the Proposed Acquisition is P2,935,000,000.00.
 
Upon completion of the Proposed Acquisition, Radius will become a wholly-owned subsidiary of PLDT.
 
The Proposed Acquisition is not expected to have an adverse effect on PLDT's business, financial condition or operations.