BAYAN Telecommunications Inc. on Friday said it would focus on the Internet broadband business following the sale of its wireless landline assets.

In a statement, Rafael Aguado, Bayan chief operating officer said the sale of its wireless code division multiple access (CDMA) business would impact positively on the company’s financial standing and allow it to focus its resources on sustaining the growth of its wired business, particularly digital subscriber lines (DSL), corporate data and carrier data.

Aguado said the sale also reflects the strategic decision of Bayan to exit the CDMA business while readying itself for sustainable growth in other technologies.

Bayan earlier secured an approval from the National Telecommunications Commission (NTC) for the sale and transfer of its wireless CDMA business to Multi-Media Telephony Inc. (MTI).

Under the terms of the sale, selected assets related to Bayan’s wireless CDMA business will be transferred to MTI, a duly enfranchised wireless voice and broadband company, as part of its plan to expand its wireless voice and data service offering.

The deal between Bayan and MTI involves the sale, assignment and transfer of all Bayan’s rights and interests used in its WLL service such as, but not limited to, licenses, permits, and other authorities it has secured for the said service.

In its decision, the NTC said it approved the transfer of Bayan’s Local Exchange Carrier (LEC) service to MTI “including any and all rights, and interests and participants, as well as all liabilities and obligations of Bayan in connection with or in relation to, otherwise arising from the WLL (wireless local loop) service and to install, construct, maintain and operate the same.”

MTI had said the acquisition of Bayan’s assets will not result in their consolidation or merger, nor would it destroy the separate and distinct judicial personality of each.

MTI earlier said another Lopez-led company, Sky Vision, has expressed interest in infusing capital in, and extending technical assistance. Sky Vision operates Sky Cable.

Under the mutual understanding between the two companies, MTI can access the extensive fiber optic infrastructure of the cable operator as well as its content.

MTI had said its parent firm Columbus and STT, one of the largest stockholders of Singaporean telecom Star Hub Ltd., plans to infuse additional capital in the Philippine firm.