Business Headlines

Perfect fit: MVP confirms BILYONARYO story PLDT keen on SkyCable

Bilyonaryo Manny V. Pangilinan is exploring the possibility of taking over Sky Cable and merging it with PLDT’s satellite television provider, Cignal TV.

PLDT confirmed its interest in Sky Cable in a disclosure to the Philippine Stock Exchange.

READ: Going for broke: MVP-Salim group dives into bidding war for Sky Cable, eyes Bayanihan exemption from anti-competition scrutiny

But ABS-CBN declared it has not yet made a decision to divest its interest in Sky Cable.

In a statement, PLDT said: “PLDT regularly explores opportunities available to the group that may complement our overall business strategy. As such, PLDT is evaluating options with respect to SkyCable for possible opportunities. However, there is nothing definite nor disclosable at this time.”

READ: Lopezes put Sky Cable up for sale: Dennis Anthony Uy, Dennis Uy, Ayalas to square off

BILYONARYO was the first to report that the Lopezes were putting Sky Cable under the hammer.

Bilyonaryo was also the first to break Pangilinan’s “aggressive bid” to snatch Sky Cable from other interested bidders.

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