Corporate News: NOW (10 Jun 2014)
Important news and updates last week about top Philippines companies are highlighted in this section. These developments can affect their respective stock prices so better read them to be in the know!
|Stock Code||Company||Announced On|
|NOW||Now Corporation||10 Jun 2014|
A new player in the telecom business plans to offer unlimited text per day for as low as PHP 3, adopting the business model of Sun Cellular.
NOW Corp president Mel Velasco Velerde told reporters that its subsidiary NOW Telecom Co, formerly Next Mobile Inc, plans to spend $28 million over the next 2 years to roll out cell sites in Metro Manila.
NOW owns 19% of NOW Telecom. Velarde said the company also plans to expand outside Metro Manila.
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