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                    [Title] => MVP assumes active role in First Pacific, sells subsidiary
                    [Summary] => In its first major transaction under chief executive Manuel V. Pangilinan who has taken a more active role in management recently, Hong Kong-based First Pacific Co. (FPC) has sold its 49-percent stake in Escotel, currently the seventh largest mobile telecommunications operator in India, for $15 million (HK$119.9 million), to Idea Cellular, one of India’s major telcos. 


                    [DatePublished] => 2004-01-22 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 165413
                    [Title] => Investors worried over FPC’s strategic direction
                    [Summary] => Investors have raised long-term concerns as to the uncertainty of Hong Kong-based First Pacific Co. Ltd. (FPC)’s strategic direction, following the proposed disposal of two of its largest investments in the region – the Philippine Long Distance Telephone Co. (PLDT) and Bonifacio Land Corp. (BLC).


In an analysis of FPC’s performance, international financial powerhouse Goldman Sachs noted that First Pacific’s strategic direction is highly uncertain and that the market  is likely to view the company more as a pure investment holding conglomerate.


                    [DatePublished] => 2002-06-21 00:00:00
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ESCOTEL

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                    [ArticleID] => 235961
                    [Title] => MVP assumes active role in First Pacific, sells subsidiary
                    [Summary] => In its first major transaction under chief executive Manuel V. Pangilinan who has taken a more active role in management recently, Hong Kong-based First Pacific Co. (FPC) has sold its 49-percent stake in Escotel, currently the seventh largest mobile telecommunications operator in India, for $15 million (HK$119.9 million), to Idea Cellular, one of India’s major telcos. 


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                    [Title] => Investors worried over FPC’s strategic direction
                    [Summary] => Investors have raised long-term concerns as to the uncertainty of Hong Kong-based First Pacific Co. Ltd. (FPC)’s strategic direction, following the proposed disposal of two of its largest investments in the region – the Philippine Long Distance Telephone Co. (PLDT) and Bonifacio Land Corp. (BLC).


In an analysis of FPC’s performance, international financial powerhouse Goldman Sachs noted that First Pacific’s strategic direction is highly uncertain and that the market  is likely to view the company more as a pure investment holding conglomerate.


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abtest

MVP assumes active role in First Pacific, sells subsidiary

January 22, 2004 - 12:00am

In its first major transaction under chief executive Manuel V. Pangilinan who has taken a more active role in management recently, Hong Kong-based First Pacific Co. (FPC) has sold its 49-percent stake in Escotel,...

Business

Investors worried over FPC’s strategic direction

June 21, 2002 - 12:00am

Investors have raised long-term concerns as to the uncertainty of Hong Kong-based First Pacific Co. Ltd. (FPC)’s strategic direction, following the proposed disposal of two of its largest investments in the...

Business