PLDT to buy Sky Cable for P6.75B

By The Manila Times

Mar 17, 2023 12:35 am

Sky Cable to exit pay TV and cable business, focus solely on delivering broadband services

THE third time could be the charm for PLDT Inc., which has been seeking to take over ABS-CBN Corp.'s cable TV and broadband business, following an announcement on Thursday of a P6.75-billion deal for Sky Cable Corp.

In disclosures, both PLDT and ABS-CBN said the Pangilinan-led telco would be purchasing 100 percent of Sky Cable's outstanding capital stock from the broadcast network, Lopez Inc. and Sky Vision Corp.

PLDT Inc.

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Sky Cable to exit pay TV and cable business, focus solely on delivering broadband services

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