PLDT Eyes KKR Stake to Take Control of Philippines Fintech Unit

PLDT Inc. is interested in acquiring KKR & Co.’s stake in its fintech affiliate in a move that could allow the top Philippine telecom company retake control of the now-profitable business.

“It looks like Maya is starting to turn the corner. We’d be keen to increase our stake,” PLDT Chairman and CEO Manuel Pangilinan told reporters on Thursday.

PLDT reported its 2024 net incomerose 21% to 32.3 billion pesos ($558 million) as Maya Innovations Holdings became profitable in December, backed by the strong performance of its digital banking arm.

PLDT founded Maya — formerly called Voyager Innovations — ...