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The Philippine Competition Commission (PCC) has reportedly approved incumbent telco PLDT’s planned P6.75 billion (US$120 million) buyout of broadband and cable TV provider Sky Cable Corporation.
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…
PLDT received approval from the Philippine Competition Commission to move ahead with a planned takeover of Sky Cable, but the operator noted the transaction is subject to undisclosed closing conditions.
The Philippine Competition Commission (PCC) approved PLDT Inc.’s acquisition of the broadband business and related assets of Sky Cable Corp. Sky Cable, a subsidiary of the Lopez Group, said the PCC on Jan. 19, 2024 “allowed the sale of Sky Cable’s
PLDT tried to acquire Sky Cable in 2020 and 2022, but were rescinded due to various reasons