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The Sky Cable sale to PLDT will no longer push through, ABS-CBN Corp. revealed. The supposed deal that would have PLDT, Inc. (Philippine Long Distance Telephone Company) buying Sky Cable Corporation is no longer happening, said ABS-CBN Corp.
As per the statements released on Thursday, both parties reached a mutual agreement on this decision.
The sale of ABS-CBN’s Sky Cable to PLDT Inc. has been canceled, the multimedia giant said Thursday, February 22, 2024.
Reactions to the 'corporate drama' between ABS-CBN and PLDT on its Sky Cable deal prompted a netizen to liken it to the recent break-up of actress Bea Alonzo and Dominic Roque
ABS-CBN Corporation and PLDT mutually agreed to terminate the sale of the former’s broadband and TV unit Sky Cable to the operator.