PLDT [TEL 1298.00, up 0.8%] and ABS-CBN [ABS 4.17, down 3.0%] [link] “mutually decided not to proceed with the sale of Sky Cable to PLDT under the sale and purchase agreement signed by and among the ...

MANILA, Philippines — 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 ...

PLDT Inc. and ABS-CBN Corp. said on Thursday that their multibillion-peso transaction pertaining to the sale of Sky Cable to PLDT will not proceed as planned. Almost a year after it was announced, the ...

The supposed deal that would have PLDT, Inc. (Philippine Long Distance Telephone Company) buying Sky Cable Corporation is no longer happening, said ABS-CBN Corp. In this deal, Sky Cable, a known cable ...

ABS-CBN, once The Philippines largest broadcast group, said Thursday that it would sell its internet and broadband division Sky Cable to PLDT, the country’s biggest telecoms company. The transaction ...

Multimedia conglomerate ABS-CBN Corp.’s sale of Sky Cable to Pangilinan-led PLDT Inc. is no longer pushing through. In separate disclosures to the Philippine Stock Exchange on Thursday, ABS-CBN and ...

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 MANILA, Philippines – ...

MANILA, Philippines —Broadcaster ABS-CBN Corp. will now have to find a new funding source to extinguish debt as the P6.75-billion sale of the broadband business and related assets of its subsidiary ...

So, why again did the proposed PLDT takeover of the Lopez family’s SkyCable Corp. implode? SkyCable, via majority owner media giant ABS-CBN Corp., provided more details on Monday. Specifically on the ...

ABS-CBN Corp. and PLDT Inc. announced on Thursday a decision to halt the sale of Sky Cable to the Pangilinan-led telecommunications company. “Following this development, Sky Cable is pleased to ...