Sky Cable buys Destiny Cable, SBC and UNI
Sky Cable has recently announced it is buying competing cable TV and internet provider Destiny Cable as well as Solid Broadband Company and UNI-Cable TV.
This makes Sky Cable and even bigger and more dominant player in the cable TV market. Sky Cable currently has around half a million subscribers in the Philippines. It’s unknown how many are internet subscribers.
All existing subscribers of Destiny Cable, SBC and Uni-Cable will continue using their existing subscriptions and channels as well as monthly fees. Sky Cable plans to roll out their service later on (probably once subs are up for their annual renewals). Destiny Cable is the 2nd largest direct-to-home cable TV provider.
The entire deal is estimated to cost Sky Cable a whooping Php3 billion.
Solid Broadband Corp. is part of the Solid Group that also owns MyDestiny and MyPhone.