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PLDT, Globe acquire San Miguel's telco assets for 1bn
2016-05-31 02:00:00| Total Telecom industry news
Filipino conglomerate pulls out of telecoms following failed J.V. talks with Telstra.
Tags: san
assets
globe
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Globe, PLDT buy San Miguel telecom assets for PHP 70 billion
2016-05-30 09:16:00| Telecompaper Headlines
(Telecompaper) San Miguel has agreed to sell its telecom assets to Philippines operators Globe Telecom and PLDT. Each company bought half of Vega Telecom (VTI), half of Bow Arken (BAHC) and half of Brightshare (BHC) for a total amount of PHP 26.4 billion (USD 1.5 billion ) in cash. VTI owns a stake in Liberty Telecom as well as stakes in a number of other companies, including Bell Telecommunication Philippines, Eastern Telecom Philippines, Express Telecom, and Tori Spectrum Telecom, among others. The total enterprise valuation of VTI, BAHC and BHC was estimated at PHP 70.0 billion, including total liabilities of PHP 17.2 billion.
PLDT, Smart CEO Nazareno retires, chairman steps up
2015-12-01 01:00:00| Total Telecom industry news
Philippines operator announces departure of long-serving fixed and mobile chief executive.
Tags: steps
smart
ceo
chairman
PLDT net income flat in Q1
2015-05-05 12:08:41| IT Services - Topix.net
Philippine Long Distance Telephone Co. said its consolidated net income was flat at P9.4 billion in the first quarter of 2015.
PLDT allots P26-B for wireless capex
2015-04-02 04:25:03| Wireless - Topix.net
Dominant carrier Philippine Long Distance Telephone Co. is spending P26 billion for the capital expenditures of its wireless business this year amid the segment's slowing revenue contribution.
Tags: wireless
capex
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