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PLDT eyes sale of Smart Towers, some assets to fund 2020 capex

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/01/03/20190509-pldt-results-briefing-gc-7631.jpg"/><figcaption>The facade of the PLDT building in Makati is shown in this file photo. George Calvelo, ABS-CBN News/file</figcaption></figure></div>MANILA -- PLDT Inc said Friday it was assessing bids for its Smart Towers in Makati to help fund capital expenditures for 2020.The capex funding plan for the current year includes the sale &quot;on opportunistic basis&quot; of some real estate assets and shares in Rocket Internet, PLDT told the stock exchange.PLDT did not disclose the bidders for Smart Towers, located along Ayala Avenue.Shares of PLDT were up 1.31 percent while the main index was up 0.42 percent in early trading Friday.

The capex funding plan for the current year includes the sale "on opportunistic basis" of some real estate assets and shares in Rocket Internet, PLDT told the stock exchange.

The capex funding plan for the current year includes the sale "on opportunistic basis" of some real estate assets and shares in Rocket Internet, PLDT told the stock exchange.