ABS-CBN and PLDT mutually terminate Sky Cable sale for P6.75B in the Philippines.
ABS-CBN Corp. and PLDT Inc. have mutually decided not to proceed with the sale of Sky Cable to PLDT under the Sale and Purchase Agreement signed in March 2023. Sky Cable's cable TV service will continue, and its internet broadband service, SKYFiber, remains unaffected. The deal, worth P6.75 billion, was approved by the Philippine Competition Commission in January.
February 22, 2024
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