Monday, 18 June 2018

PLDT, Globe acquire San Miguel's telco assets for €1bn

By Nick Wood, Total Telecom
Tuesday 31 May 16

Filipino conglomerate pulls out of telecoms following failed J.V. talks with Telstra.

San Miguel Corporation (SMC) has agreed to sell its telecom assets to Philippine incumbent PLDT and Globe Telecom for 52.85 billion pesos (€1.02 billion). Under the deal, reached on Monday, PLDT and Globe will each take 50% stakes in Vega Telecom…

San Miguel Corporation (SMC) has agreed to sell its telecom assets to Philippine incumbent PLDT and Globe Telecom for 52.85 billion pesos (€1.02 billion). Under the deal, reached on Monday, PLDT and Globe will each take 50% stakes in Vega Telecom…

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