Lucio Tan Jr. group buys into PT&T
Lucio Tan has formed a group that’s buying into Philippine Telegraph & Telephone Corp. (PT&T). The news broke out yesterday when a reported 70% shares of PT&T were bought by Menlo Capital Corp., a holding company where Lucio Tan Jr. is a part of.
PT&T provides fixed broadband to small and big corporations as well as residential customers using fiber and wireless technologies.
At the moment, they’re serving up to 15Mbps (unlimited) to residential for Php2,900 a month but they can deliver up to 1Gbps if you’re a corporate client. They also offer satellite internet for up to 2Mbps (best for remote areas only).
You can learn more about it here.