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Philippine Long Distance Telephone Co. (PHI)

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  • Aug. 30, 2011, 12:31 PM
    PHI (PHI +17.8%) soars after a report details the firm is asking a federal court to sanction Sikorsky Aircraft - the manufacturer of a helicopter that crashed leading to damage awards from PHI. Sikorsky, owned by United Technologies(UTX -0.2%), withheld a report from an engineer stating a faulty design led to the crash in 2009, according to court filings.
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Company Description
Philippine Long Distance Telephone, provides telecommunication services. It offers wireless services and fixed line services. Its segments include Wireless, Fixed Line and Others.