P4.7 billion investment to boost GTV

In a statement on Tuesday, GTV said it had secured an additional $35 million (P232.4 million) of external funding, bringing the total capital invested into the GTV business so far to almost $200 million (P1.3 billion).Last week, South African mobile operator Vodacom, which is jointly-owned by Telkom and Vodafone, agreed to buy most of Gateway network services, of which GTV is a subsidiary, for an enterprise value of $675-million (P4.5 billion).