#san miguel pldt

With San Miguel Corporation selling its telecommunications assets to PLDT and Globe, Manny V. San Miguel Corporation (SMC) is selling its telecommunications assets to PLDT and Globe in a deal that's worth more than $1 billion (Php46 billion). The deal is said to be under negotiations after talks between San Miguel and Telstra for a joint venture broke down last March. The exit is unexpected considering that San Miguel has been rolling out its network nationwide and building new cell sites. San Miguel was poised to launch it own mobile and wireless service this year with an initial plan to close a joint venture with Telstra as early as August 2015. Earlier this month another telecoms company, Telenor, made know its intention to partner with San Miguel (see story here). Last March 14, thousands of PLDT myDSL Watchpad subscribers saw every punch traded between Manny Pacquiao and Joshua Clottey for FREE. Read more in our articles including "MVP: We are returning certain frequencies to government for 3rd telco player" and "Globe, PLDT buying out San Miguel assets worth $1 billion".