ABS-CBN and PLDT mutually terminate Sky Cable acquisition deal, despite PCC approval.
ABS-CBN Corp. and PLDT, Inc. have mutually agreed to terminate their deal for the sale of Sky Cable Corporation, despite the Philippine Competition Commission's approval. Sky Cable will continue its cable TV and SKYFiber broadband services, and the reason behind the withdrawal from the deal remains undisclosed. This is the third time PLDT has attempted to acquire Sky Cable.
February 22, 2024
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