PLDT currently is looking at web-based investment opportunities, chairman Manuel Pangilinan said during a briefing on the telco's first half results in Makati City on Tuesday.
"There are a few internet possibilities we're looking at by way of investments and strategic partnerships," he said.
"In many respects, PLDT is also in the Internet space in Philippines, so it would be a good working relationship," he added.
Pangilinan said the largest Philippine telco is now in the advanced stages of discussions with two companies, with one more imminent than the other. He did not name the companies.
"The first one is a European company with a global footprint," he said, declining to give out further details.
The investment in the internet space is in line with the shift towards two growing business segments – broadband and data services.
"It is clear our future lies in the broadband/data and Internet space, evidenced in our numbers this year, and in recent past years," Pangilinan said.
In the first half, PLDT's broadband and data revenues drove net income growth by 2 percent to P20 billion from P19.7 billion a year earlier.
Meanwhile, core net income increased by 2 percent to P19.8 billion from P19.4 billion.
