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PLDT Inc. and ABS-CBN Corp. said on Thursday that their multibillion-peso transaction pertaining to the sale of Sky Cable to PLDT will not proceed as planned. Almost a year after it was announced, the two groups said they have “mutually decided not to proceed with the sale of Sky Cable…
The Ecumenical Institute for Labor Education and Research (EILER), a labor nongovernment organization (NGO), voiced concerns over the welfare of the employees affected by the acquisition deal between PLDT Inc. and Sky Cable Corp. EILER Executive Director Rochelle Porras called on the two groups to ensure the rights of the…
The Philippine Competition Commission (PCC) has approved the sale of SkyCable Corp. to PLDT Inc. In separate filings, PLDT Inc. and ABS-CBN Corp., the parent company of Sky, said the antitrust body has “allowed the sale of the broadband business and related assets of SkyCable Corp. to PLDT inc.via the…
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PLDT agreed to acquire 100 per cent of Sky Cable for PHP6.8 billion in a deal with major shareholders Sky Vision, ABS-CBN and Lopez.