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). Read more in our articles including "Globe, PLDT buying out San Miguel assets worth $1 billion" and "OPPO Reno16 FS unveiled: 120Hz AMOLED, 6500mAh Battery".
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Jun 27, 2026San 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).
Our coverage of san miguel sale includes: "Globe, PLDT buying out San Miguel assets worth $1 billion"; "OPPO Reno16 FS unveiled: 120Hz AMOLED, 6500mAh Battery"; "More Price Drops; Canon Promo Lens Sale". Each article provides unique insights and information.