PLDT to acquire Sky Cable Corporation

Cristina Joy Valerio March 16, 2023 · 1 min read

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PLDT Inc. will soon acquire the broadband company Sky Cable Corporation for PHP 6.75 billion pesos. With this deal, PLDT will also have in possession ABS-CBN Corporation and Lopez, Inc.

According to the disclose sent to The Philippine Stock Exchange Inc., PLDT is set to obtain Sky Vision Corporation, ABS-CBN Corporation and Lopez, Inc. Through this, PLDT will also cover 100% of Sky Cable’s total outstanding and issued capital stock.

Through the combination of resources that both PLDT and Sky Cable have, this acquisition is anticipated to strengthen and expand their services, especially in remote areas. Additionally, PLDT and Sky Cable are planning to upgrade overall customer experience through their combined expertise.

The transaction was approved on March 16, 2023.

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Cristina Joy Valerio

Senior Writer

Cristina Joy D. Valerio, more commonly known as CJ to most, is a Multimedia Producer at Yugatech. She has an interest in the evolving world that is technology. Apart from that, she organizes D&D sessions, plays video games, and watches anime to kill time. CJ's alma mater is iACADEMY and graduated with a Bachelor of Science in Information Technology specializing in Web Development.

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