PLDT's acquisition of Sky Cable canceled
The sale of ABS-CBN’s Sky Cable to PLDT Inc. has been canceled, the multimedia giant said Thursday, February 22, 2024.
Source: sunstar.com.ph
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PLDT, ABS-CBN scrap SkyCable purchase deal | Lorenz S. Marasigan
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…
Source: businessmirror.com.ph
'Ensure job security of Sky workers' | Lorenz S. Marasigan
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…
Source: businessmirror.com.ph
PLDT acquisition of SkyCable gets nod | Lorenz S. Marasigan
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…
Source: businessmirror.com.ph
KKR-backed Frontier nears deal to buy 1,000 PLDT towers for $200m: report
PLDT is also set to acquire Sky Cable’s broadband business for about $123m.
Source: dealstreetasia.com