{
    "success": true,
    "data": {
        "id": 1416086,
        "msgid": "pldt-quits-asia-cellular-1447893297",
        "date": "1999-09-28 00:00:00",
        "title": "PLDT quits Asia Cellular",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "PLDT quits Asia Cellular MANILA (AFP): Philippine Long Distance Telephone Co. said Monday it sold part of its stake in a regional satellite venture, Asia Cellular Satellite, to its partners PT Pacific Satelit Nusantara of Indonesia and U.S. aerospace firm Lockheed Martin. The transactions reduced PLDT's interest in the venture to about 20 percent from 38 percent, PLDT president Manuel Pangilinan told reporters without disclosing the value of the transactions.",
        "content": "<p>PLDT quits Asia Cellular<\/p>\n<p>MANILA (AFP): Philippine Long Distance Telephone Co. said<br>\nMonday it sold part of its stake in a regional satellite venture,<br>\nAsia Cellular Satellite, to its partners PT Pacific Satelit<br>\nNusantara of Indonesia and U.S. aerospace firm Lockheed Martin.<\/p>\n<p>The transactions reduced PLDT's interest in the venture to<br>\nabout 20 percent from 38 percent, PLDT president Manuel<br>\nPangilinan told reporters without disclosing the value of the<br>\ntransactions.<\/p>\n<p>The satellite venture, due for launch next month in Russia, is<br>\nalso partly owned by Thailand's Jasmine International Overseas<br>\nCo. Ltd.<\/p>\n<p>\"We felt more comfortable with holding lesser of the satellite<br>\nrisk and holding more of the local service operations. That's<br>\njust a risk rebalancing decision,\" Pangilinan said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pldt-quits-asia-cellular-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}