ABS-CBN to buy 34.99% stake in TV5; MVP's Cignal to invest in SkyCable
ABS-CBN to buy 34.99% stake in TV5; MVP’s Cignal to invest in SkyCable
Source: sunstar.com.ph
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ABS-CBN to buy 34.99% stake in TV5; MVP’s Cignal to invest in SkyCable
ABS-CBN Corp. stopped broadcasting on its TV and radio stations on May 5, 2020 after the National Telecommunications Commission issued a cease and desist order. The network's franchise had lapsed on May 4 without action by the House of Representatives.
ABS-CBN to buy 35% stake in TV5 Network
ABS-CBN will also invest in TV5 convertible notes worth 1.84 billion pesos
Cignal Cable Corporation (“Cignal Cable”) today entered into a Sale and Purchase Agreement with Sky Vision Corporation (“Sky Vision”), ABS-C...