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PhilWeb sells 24.3 percent stake in ISM Communications for $16 mln
Wednesday 20th of November 2013
PhilWeb Corp. said it will sell a 24.3-percent stake in telecommunication company ISM Communications Corp. for 1.50 pesos a share for a total of 698.4 million pesos ($16 million). The shares are being sold to Monfortino Holdings, a company led by businessman Eric Recto.
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