Philippine telecom invests in Internet gaming firm

03.05.2006

PhilWeb is expected to boosts PLDT's gaming content offering in its fixed line and mobile broadband business, the latter through wireless subsidiary Smart Communications.

According to PLDT, PhilWeb's business relies heavily on the extensive use of the former's telecommunications networks to sustain its substantial service revenue and profit growths consistent with the anticipated growth of the total gaming industry.

PLDT said PhilWeb completes ePLDT's strategy to invest in compelling online gaming content, after having made previous investments in online gaming companies Level Up Philippines, Inc. and netGames Inc.