Part of the deal involves Sky Cable terminating its paid TV and cable business.
MANILA, Philippines – Telco giant PLDT is set to acquire Sky Cable Corporation’s broadband business for P6.75 billion, further expanding the former’s hold into the broadband space.
The deal also entails that Sky Cable’s paid TV and cable businesses will be terminated, according to stock exchange filings submitted on Thursday, March 16, by PLDT and Sky Cable’s majority shareholder, ABS-CBN. ABS-CBN did not disclose what it would do to its cable channels, including flagship news channel ANC, after the deal.
due to political pressure, alongside the landmark deal that was supposed to consolidate the media resources of ABS-CBN and TV5.PLDT said that buying Sky Cable’s broadband business would benefit existing broadband subscribers of both PLDT and Sky Cable, as it would expand the coverage of offerings and services.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PLDT drives PH’s rise in broadband internet speeds ranking in Southeast Asia | BusinessMirrorThe Philippines’ rank in the Ookla Speedtest Global Index has risen one notch to fourth place, following closely behind Malaysia and besting Vietnam and other peers in Southeast Asia. The country’s largest integrated telco network PLDT continues to drive this development as it expands its fiber network, contributing to the…
Read more »
Big crowd turn out in Iloilo as Angels oust Crossovers, tow PLDT to semis | BusinessMirrorPETRO GAZZ still went for the win to formalize its semifinals stint while slamming the door shut on Chery Tiggo with a tough 25-21, 28-26, 25-21 victory before a wildly cheering crowd at the San Agustin Gymnasium in Iloilo City on Tuesday. Close to 7,000 fans whooped it up on…
Read more »
Cable wire thief arrested in Quezon CityA man was arrested after he allegedly stole over P130,000 worth of cable wires in Novaliches, Quezon City on Tuesday, March 14.
Read more »
Cameraman recalls brush with death the day Degamo was killed: ‘Smoking saved my life’As part of his regular schedule, Reynaldo Tepace, a cameraman for a local cable television station, would meet with Negros Oriental Gov. Roel Degamo every Saturday in the town of Pamplona for their recording of a weekly show of the governor. /PDI
Read more »
Cameraman recalls brush with death the day Degamo was killed: ‘Smoking saved my life’DUMAGUETE CITY — As part of his regular schedule, Reynaldo “Butch” Tepace, a cameraman for a local cable television station, would meet with Negros Oriental Gov. Roel Degamo every Saturday in
Read more »
ES Bersamin brushes off resignation rumor as ‘fake news, part of black propaganda’MANILA, Philippines — Executive Secretary Lucas Bersamin on Tuesday belied the rumor that he has resigned from his post. He said the gossip is just part of alleged “black propaganda”
Read more »