PLDT Inc. said Thursday it is open to raise its investment in iFlix to support the expansion of Southeast Asia’s leading Internet TV service, its top executive said.
“We are happy with our investment. Well, we’re always open to it. They did their second round of funding and most of the $45 million were picked up by Sky Plc and Emtek Group, which is a media group in Indonesia, “ PLDT chairman and president Manuel Pangilinan told reporters, when asked if the company was willing to increase its investment in iFlix.
PLDT’s $15-million investment in iflix was converted into a 7.5-percent equity in Southeast Asia’s leading Internet TV service after the $45-million investment by Sky Plc and the additional investment by Emtek.
The fresh funds raised by iflix will be used to accelerate its growth in Malaysia, Thailand and the Philippines and for expansion into new markets.
