PLDT Inc. said it is still in talks with KKR & Co. to resolve issues tied to the planned initial public offering of fintech firm Maya, as the telecom operator weighs whether to increase its stake or support a partial exit via listing, according to a report by BusinessWorld.
The decision could reshape ownership in one of PLDT's key digital assets. KKR, which invested in Maya's parent company Voyager Innovations in 2018, is reportedly seeking an exit route through the IPO, while PLDT is considering increasing its stake to maintain control over the fintech unit.
The IPO timeline remains uncertain as both parties continue discussions on valuation and structure. Maya, which offers digital banking and payment services, is seen as a key growth driver for PLDT's expanding tech portfolio.