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ABS-CBN clarified PCC has not completed its review of broadband business sale to PLDT

ABS-CBN clarified that the Philippine Competition Commission has not completed its review of the proposed P6.8 billion sale of Sky Cable’s broadband business to PLDT......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

Sky Cable to shut pay TV

Cable operator Sky Cable Corp. is ending its pay TV business toward the end of February, as it moves to become a dedicated connectivity provider as part of its merger with PLDT Inc......»»

Category: financeSource:  philstarRelated NewsJan 28th, 2024

PLDT: Disputes in final terms led to aborted Sky Cable buyout

Telco giant PLDT Inc. said it failed to agree with Sky Cable Corp. on the commercial terms of their P6.75-billion merger, leaving them no choice but to call off the deal abruptly......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

PLDT-Sky Cable merger unplugged

Telco giant PLDT Inc. will no longer pursue its P6.75-billion buyout of Sky Cable Corp., marking the second time a deal between the two was called off......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

PLDT, ABS-CBN terminate Sky Cable sale

Sky Cable Corp., a subsidiary of ABS-CBN, will no longer be sold to the Manny V. Pangilinan-led PLDT Inc., both companies announced on Thursday. .....»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

PLDT’s acquisition of Sky Cable canceled

PLDT’s acquisition of Sky Cable canceled.....»»

Category: newsSource:  sunstarRelated NewsFeb 22nd, 2024

Converge out to challenge Cignal, Sky Cable in pay TV

Pampanga-based tycoon Dennis Anthony Uy will infiltrate the pay TV segment soon to challenge the dominance of Cignal Cable Corp. and Sky Cable Corp......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

Sky-high debt a major factor in aborted cable TV merger

It was a ‘til debt do us part’ of sorts that caused the collapse of talks between telco giant PLDT Inc. and Sky Cable Corp.’s parent firm ABS-CBN, industry sources said......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

Netizens react to ABS-CBN and PLDT’s about-face on Sky: ‘Parang engagement lang ni Dom at Bea’

Reactions to the 'corporate drama' between ABS-CBN and PLDT on its Sky Cable deal prompted a netizen to liken it to the recent break-up of actress Bea Alonzo and Dominic Roque.....»»

Category: newsSource:  rapplerRelated NewsFeb 22nd, 2024

PLDT, ABS-CBN call-off P6.75-B SkyCable deal

PLDT and ABS-CBN “mutually decided not to proceed with the sale of Sky Cable to PLDT under the sale and purchase agreement signed by and among the parties in March 2023.”.....»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Delivery drivers urge Mayor Baste for business permit exemption

Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

With closure of Sky Cable, ANC offers paid subscription online in bid to stay afloat

The ABS-CBN News Channel pivots to paid subscription on YouTube as it stands to lose financial support arising from Sky Cable's closure.....»»

Category: newsSource:  rapplerRelated NewsFeb 21st, 2024

As door closes for Sky, window opens for Converge

Is cable TV in the Philippines dead? Broadband provider Converge ICT Solutions Inc. thinks otherwise, as it plans to even expand its presence in the pay TV segment with the impending shutdown of a major player......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

Converge tops broadband speed in 2023

Broadband provider Converge ICT Solutions Inc. snapped the five-year streak of PLDT Inc. as the operator to beat in the Philippines as it claimed the top spot in 2023 for turning in the fastest internet speed......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

PLDT out to fortify broadband dominance

Who says the broadband market is saturated?.....»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Futuristic cable car cabins launched in Singapore

Exclusively designed for the Singapore Cable Car, the SkyOrb Cabin is said to be the world's first chrome-finished spherical cable car cabin......»»

Category: newsSource:  philstarRelated NewsApr 7th, 2024

Cable 99: Working constructively with attorneys

February 2024 marks the 25th anniversary of the State Department’s famous cable, 99 State 21138 (“Cable 99”)......»»

Category: newsSource:  philstarRelated NewsFeb 24th, 2024

Globe activates new submarine cable network

Globe Telecom Inc. has activated a new submarine cable segment of what is set to be the longest underwater cable in the Philippines......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

DTI warns vs buying mystery parcels

The public should be careful in in buying mystery parcels or boxes as they may be held liable for violating the anti-fencing law for buying illegally obtained items, the Department of Trade and Industry said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2024

Opposition reveals some 2025 Senate bets | The wRap

The wRap highlights: 2025 elections, PLDT-Sky Cable deal, Taylor Swift in Singapore.....»»

Category: newsSource:  rapplerRelated NewsFeb 23rd, 2024