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PLDT borrows P1 billion in green loans

Telco giant PLDT Inc. has borrowed P1 billion from the green loan facility of HSBC Philippines to bankroll the expansion and upgrade of its fiber network......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

ADB lends P2.4 billion to iSON for buildup of telco towers

The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»

Category: financeSource:  philstarRelated NewsMar 5th, 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

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

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 proposes $3 million settlement in US budget mess suit

Integrated telco PLDT Inc. has proposed to settle $3 million, or around P165 million, to resolve a class action suit filed against it in the US over its budget fiasco......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Maharlika fund eyes JV for rural telco towers

The Maharlika Investment Corp.is in the process of tapping foreign partners for a joint venture in building telecommunication towers in rural areas in a bid to address the digital gap......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

PLDT Global taps NGA 911’s emergency response system

PLDT Global Corp., the international unit of the local telco giant, is enabling US-based technology solutions provider Next Generation Advanced 911 (NGA 911) to help boost emergency response systems in the Philippines with advanced technology, delivered through the nationwide PLDT network infrastructure......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Telcos jobs safe from shift to AI, execs assure workers

Nearly 30,000 Filipinos working in the telco industry are safe from getting laid off as a result of automation, as their bosses guarantee they will be reassigned, not removed, if their jobs are taken over by artificial intelligence......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Flagship Ayala companies on tight budget this year

The Ayala Group is slashing its capital expenditures for the second year in a row, as its flagship property and telco segments cut their respective budgets to maximize existing assets......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Globe sets 2024 capex at P55 billion, a 5-year low

Mobile giant Globe Telecom Inc. is bringing down its capital expenditures to a five-year low of P55 billion in 2024, as the telco works on attaining a certain cost efficiency for financial health......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2024

Globe, UK Embassy partner to bolster Philippines cybersecurity

Telco giant Globe Telecom has linked up with the British Embassy to bolster the country’s digital infrastructure defenses......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

PLDT buys 35% of Meralco unit

Telco giant PLDT Inc. is showing no signs of slowing down its broadband expansion, this time investing P2.12 billion to acquire more than a third of shares in a sister subsidiary......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

BOI gives green lane to P150 billion telco project

The Board of Investments has approved a P150 billion Malaysian telecommunications infrastructure project for green lane processing, noting its role in introducing new technologies in the country......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Dito wants to capture 20 percent of market

Telco newcomer Dito Telecommunity Inc. has set its sights on cornering up to 20 percent of the market for mobile users, as the company shifts its focus from network expansion to customer acquisition......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Sandigan junks forfeiture vs Marcos crony-owned telco

The Sandiganbayan has dismissed a forfeiture case against several alleged cronies of the late dictator Ferdinand Marcos Sr. and his widow, former first lady Imelda Marcos, seeking to recover in favor of the government shares of stocks in Eastern Telecommunications Philippines Inc., allegedly illegally acquired during martial law......»»

Category: newsSource:  philstarRelated NewsJan 12th, 2024

Risa denies sinophobia in probe of Bamban mayor

Sen. Risa Hontiveros has rebuffed claims that her Senate panel’s investigation on Bamban Mayor Alice Guo is “sinophobic,” saying her own maternal great-grandmother was Chinese......»»

Category: newsSource:  philstarRelated NewsMay 31st, 2024

Forwarding of divorce bill to Senate deferred

MANILA, Philippines — The transmission of the absolute divorce bill from the House of Representatives to the Senate has been deferred pending questions about the final vote count when the lower chamber passed it on third and final reading on May 22. In a message to the Inquirer on Tuesday, House Secretary General Reginald Velasco.....»»

Category: newsSource:  inquirerRelated NewsMay 29th, 2024

‘Purchase of new VCMs a decision of entire government

The purchase of new vote-counting machines (VCMs) to be used in the May 2025 midterm elections was not the sole decision of the Commission on Elections (Comelec)......»»

Category: newsSource:  philstarRelated NewsMay 27th, 2024

Lawmakers say divorce bill passed with insufficient support

Two members, who have been opposing the controversial divorce bill, have questioned the legitimacy of the measure’s passage on May 22, saying it was approved only by a “minority vote.”.....»»

Category: newsSource:  philstarRelated NewsMay 25th, 2024