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ABS-CBN Corporation and PLDT have mutually decided not to proceed with the sale of Sky Cable to PLDT under the Sale and Purchase Agreement signed by and among the parties in March 2023. Following this development,
(UPDATE) PLDT Inc.'s planned purchase of ABS-CBN Corp.'s Sky Cable will no longer push through, both firms announced on Thursday.
ABS-CBN was supposed to sell Sky Cable to pay its loans to BPI and Unionbank
MANILA, Philippines: ABS-CBN Corp. and PLDT. Inc. announced on Thursday that the acquisition of Sky Cable by PLDT will not push through.
Manny Pangilinan's attempt to buy the Lopezes' Sky Cable fails for the third time