Thank you for help!
With respect to the LS1043 MDIO voltage, I see from the circuit diagram that the 2.5V will be available before GVDD from the PMIC, so correct power-on sequence will be maintained in this case.
But if 1.8V (from SW2 on the PMIC) is connected, how will then correct power-on sequence be maintained because GVDD comes also comes from the PMIC ? Is this secured internally in the PMIC VR500V4?