Mergers!!!

PePe_LePew · Feb 17, 2000, 12:08 AM

I'm sure you guys know about the mergers and acquisitions that's been going on around the world market, right? The AOL-Time Warner, the Glaxo-Smith, Vodafone-Vivendi... Could anyone tell me naman about the local ones if meron?

***batang uliran*** · Feb 17, 2000, 12:58 AM

Equitable-PCIBank
BPI-Far East
upcoming:
Globe-Islacom

Kamatayan · Feb 17, 2000, 02:56 PM

Lucio Tan-BIR

PePe_LePew · Feb 21, 2000, 10:16 PM

Kamats: Hahaha... next thing you know we'll be paying our taxes to LT na. Heh

Hmm.. but seriously, interesting naman yung topic ah... mergers have been poping up left and right.. You guys have any idea where I can get these informations? Especially about the local industries?

cianoy · Feb 25, 2000, 07:56 AM

Solid Group and Destiny Cable

Seele · Feb 28, 2000, 05:51 PM

Talks between Globe and Bayantel have been revived. There are also talks between Globe and Digitel.

In the Southeast Asia realm, Singtel already gave a bid on Hong Kong Telecom. Just recently, last week, Pacific Century CyberWorks also placed a bid to acquire HKT. This is Asia's version of AOL-Time Warner. An internet company acquiring an established business. I'm wondering when this will happen in RP.

***batang uliran*** · Feb 28, 2000, 06:50 PM

Where have you heard that the Globe-Bayantel talks have been revived? Islacom and Globe just announced their merger and while Bayantel-Globe makes sense, I'm not sure it will be happening anytime soon. As it is, Globe-Islacom already has 3 huge partners with equal stakes and it remains to be seen whether things will continue to run smoothly.

PePe_LePew · Feb 28, 2000, 10:56 PM

Bayantel-Globe??? I wasn't aware of such. All I've heard so far is the Globe-Islacom merger.
Hmmm... Maybe Globe will run better na sana with this acquisition. They've been giving crappy service so far as compared with Smart.

Seele · Feb 29, 2000, 05:33 PM

Talks between Globe & Bayantel are being "revived". Let's just say this is an insider info. Of course Globe-Islacom merging of operations has to be given much importance first as they are planning to complete the unification by yearend. However, this does not stop Globe from talking to other prospects. Eventually, as people speculated long ago, there will only be 3 telecom players in RP in the near future.

The foreign investors thing is also a big issue. Deutsche Telecom is indeed very keen in having a stronghold in Asia. SingTel on the other hand is also planning the same. I'm not really sure though how serious are the partners of Bayantel and Digitel are. Definitely DT and SingTel are bigger than these other foreign investors.

Just yesterday, PCCW won against SingTel on their bid for Cable & Wireless' subsidiary HKT. This leaves SingTel with some money to go into other ventures. However, this may also show how slow the growth potential of SingTel is as compared to Pacific Century Cyberworks which paid US$38 Billion to C&W for HKT.

Regarding Cable & Wireless, it has been the target of take over in Europe. This will again affect the RP telecom industry as C&W is Eastern's foreign partner. Just watchout. The telecom industry in RP will get more exciting.

I'm really looking forward to a young Pinoy Internet Company acquiring an old established company.

[This message has been edited by Seele (edited 02-29-2000).]

***Mikoid*** · Feb 29, 2000, 06:31 PM

Isn't SingTel now working on a deal with Rupert Murdoch's News Corp, who also happens to be talking to Yahoo! ... ?

I thought Yahoo! was one of the last "pure" Internet companies around, but I guess the exigencies of the AOL-Time Warner deal is also forcing them to consolidate with a media partner.

***batang uliran*** · Feb 29, 2000, 06:58 PM

Seele:

I am looking forward also to a time when a pinoy internet firm acquired a more established business. It has happened in the US, Europe and now HK. I am sure this is in the cards for the Philippines.

***KuyaDanny*** · Mar 31, 2000, 04:50 PM

PePe_LePew, rather than aiming your sights at specific companies (which is a little hard to do since these things tend o be done in secrecy) you might want to look at particular industries first.

Here are some:

Banking - rationale: policy pronouncements by the Central Bank point to larger and fewer banks. So expect more mergers between banks. Candidates: Metro (owner is historically obsessed with being the biggest), Union (well-run, needs to get bigger to remain in the top ten), RCBC, Security.

Telecoms - rationale: capital-intensive businesses will always need deep pockets to survive. Look for companies with stable cash flow to merge with companies with big projects and commitments. Foreign investment is limited in these sectors, and generally hard to count on due to unfriendly political climate.

Media - rationale: the way we acquire information is changing. Old media (print, broadcast) is being surpassed by new media (online), yet old media is far superior in terms of content. Look for old and new to merge in many creative ways.

zimdude · Jun 17, 2000, 12:38 AM

I-Next + IPhil = PSINet Philippines

Rorschach · Jun 20, 2000, 11:27 PM

In my line of work, I deal a lot with all these companies that are merging. I hate it though, because my sales are dropping since they are more concerned right now with merging their data centers rather than operating them. Anyhow, KD did indeed give a good picture of the industries that are showing signs of mergers. Anyway, from my experience, here's some of the mergers...

BANKING: BPI-Far East, Equitable-PCI, Manila Bank-TA Bank-Omni Bank, Prudential Bank-Pilipinas Bank, Global Bank-Asian Bank, Urban Bank-Banco de Oro (just a rumor), Allied-PNB (same owner, but they won't merge), Metrobank doesn't need to merge anymore because they are so huge as it is. under their umbrella are banks such as Solidbank, PSBank, PhilBank, and even Global/Asia Bank.

INSURANCE: Ayala-FGU, 1st Nationwide-Eastern-Malayan, Pan Philippines-Metrobank-Phil. AXA Life

TELECOM: Globe-Islacom, Eastern Telecom and Bayantel are up for sale, but the biggies aren't really too interested. With Digitel, although a merger is possible, it is unlikely at this moment.

MEDIA: There's a lot of things going around in the Lopez group right now (ABS-CBN, Meralco, Adtel, Maynilad, Bepres, etc.) I'm at no liberty to say what exactly, but I hope they decide to buy my products.

Rorschach · Jun 20, 2000, 11:29 PM

Word from our Malaysian office is, their government is asking that the number of banks over there be reduced from 64 to around 15 only. WOW!!! If you're looking for mergers, turn your eyes in that direction.

dzhon · Jun 22, 2000, 02:09 PM

I think there is an ongoing "operational" merger between PLDT, SMART and PILTEL. up to what extent, I think an insider can enlighten us...

Rorschach · Jun 23, 2000, 12:41 AM

PLDT, Smart and Piltel are all part of the same group of companies. The only thing they're planning to merge right now would be their purchasing. Otherwise, they'll remain as separate companies.

A similar thing is happening in the San Miguel group right now. All the subsidiary companies have decided to merge their IT departments, forming SMITS (San Miguel IT Services).

***KuyaDanny*** · Jul 24, 2000, 08:47 PM

For those of you who are interested in the subject of mergers, The Economist examines six recent mergers, one deal per week, starting with its 22 July 2000 issue.

Here is their introduction to the subject, taken from the table of contents:

"Corporate Mergers very often fail-more than half, it is estimated, destroy shareholder value, and fewer than one in six increase it. Yet mergers are once more all the rage. What are the lessons from this record of disappointment?"

zimdude · Nov 13, 2000, 01:31 PM

ABS-CBN, PLDT explore big telecom-media merger

http://www.inquirer.net/issues/nov20...s/bus_main.htm

I'm most interested how this will affect the Internet industry and broadband ... PLDT DSL+Home Cable+Sky Cable...

yuga · Nov 13, 2000, 03:23 PM

... is this the one i see in the commercial??? - Fusion


Nov 13, 2000, 03:23 PM	#20
yuga ituloy angsulong Join Date: Apr 2000 Location: Makati	? ... is this the one i see in the commercial??? - Fusion


Feb 17, 2000, 12:08 AM	#1
PePe_LePew Member Join Date: Feb 2000	I'm sure you guys know about the mergers and acquisitions that's been going on around the world market, right? The AOL-Time Warner, the Glaxo-Smith, Vodafone-Vivendi... Could anyone tell me naman about the local ones if meron?


Feb 17, 2000, 12:58 AM	#2
*batang uliran* Administrator Join Date: Jul 1999 Location: Lawrenceville,	Equitable-PCIBank BPI-Far East upcoming: Globe-Islacom


Feb 17, 2000, 02:56 PM	#3
Kamatayan www.digitalfrap.com Join Date: Sep 1999 Location: digitalfrap.com	Lucio Tan-BIR


Feb 21, 2000, 10:16 PM	#4
PePe_LePew Member Join Date: Feb 2000	Kamats: Hahaha... next thing you know we'll be paying our taxes to LT na. Heh Hmm.. but seriously, interesting naman yung topic ah... mergers have been poping up left and right.. You guys have any idea where I can get these informations? Especially about the local industries?


Feb 25, 2000, 07:56 AM	#5
cianoy cianoy Join Date: Dec 1999 Location: Metro_Manila	Solid Group and Destiny Cable


Feb 28, 2000, 05:51 PM	#6
Seele Member Join Date: Feb 2000 Location: North Rhine Wes	Talks between Globe and Bayantel have been revived. There are also talks between Globe and Digitel. In the Southeast Asia realm, Singtel already gave a bid on Hong Kong Telecom. Just recently, last week, Pacific Century CyberWorks also placed a bid to acquire HKT. This is Asia's version of AOL-Time Warner. An internet company acquiring an established business. I'm wondering when this will happen in RP.


Feb 28, 2000, 06:50 PM	#7
*batang uliran* Administrator Join Date: Jul 1999 Location: Lawrenceville,	Where have you heard that the Globe-Bayantel talks have been revived? Islacom and Globe just announced their merger and while Bayantel-Globe makes sense, I'm not sure it will be happening anytime soon. As it is, Globe-Islacom already has 3 huge partners with equal stakes and it remains to be seen whether things will continue to run smoothly.


Feb 28, 2000, 10:56 PM	#8
PePe_LePew Member Join Date: Feb 2000	Bayantel-Globe??? I wasn't aware of such. All I've heard so far is the Globe-Islacom merger. Hmmm... Maybe Globe will run better na sana with this acquisition. They've been giving crappy service so far as compared with Smart.


Feb 29, 2000, 05:33 PM	#9
Seele Member Join Date: Feb 2000 Location: North Rhine Wes	Talks between Globe & Bayantel are being "revived". Let's just say this is an insider info. Of course Globe-Islacom merging of operations has to be given much importance first as they are planning to complete the unification by yearend. However, this does not stop Globe from talking to other prospects. Eventually, as people speculated long ago, there will only be 3 telecom players in RP in the near future. The foreign investors thing is also a big issue. Deutsche Telecom is indeed very keen in having a stronghold in Asia. SingTel on the other hand is also planning the same. I'm not really sure though how serious are the partners of Bayantel and Digitel are. Definitely DT and SingTel are bigger than these other foreign investors. Just yesterday, PCCW won against SingTel on their bid for Cable & Wireless' subsidiary HKT. This leaves SingTel with some money to go into other ventures. However, this may also show how slow the growth potential of SingTel is as compared to Pacific Century Cyberworks which paid US$38 Billion to C&W for HKT. Regarding Cable & Wireless, it has been the target of take over in Europe. This will again affect the RP telecom industry as C&W is Eastern's foreign partner. Just watchout. The telecom industry in RP will get more exciting. I'm really looking forward to a young Pinoy Internet Company acquiring an old established company. [This message has been edited by Seele (edited 02-29-2000).]


Feb 29, 2000, 06:31 PM	#10
*Mikoid* Administrator Join Date: Jul 1999 Location: PEx Stronghold	Isn't SingTel now working on a deal with Rupert Murdoch's News Corp, who also happens to be talking to Yahoo! ... ? I thought Yahoo! was one of the last "pure" Internet companies around, but I guess the exigencies of the AOL-Time Warner deal is also forcing them to consolidate with a media partner.


Feb 29, 2000, 06:58 PM	#11
*batang uliran* Administrator Join Date: Jul 1999 Location: Lawrenceville,	Seele: I am looking forward also to a time when a pinoy internet firm acquired a more established business. It has happened in the US, Europe and now HK. I am sure this is in the cards for the Philippines.


Mar 31, 2000, 04:50 PM	#12
*KuyaDanny* Moderator Join Date: Jan 2000 Location: Makati	PePe_LePew, rather than aiming your sights at specific companies (which is a little hard to do since these things tend o be done in secrecy) you might want to look at particular industries first. Here are some: Banking - rationale: policy pronouncements by the Central Bank point to larger and fewer banks. So expect more mergers between banks. Candidates: Metro (owner is historically obsessed with being the biggest), Union (well-run, needs to get bigger to remain in the top ten), RCBC, Security. Telecoms - rationale: capital-intensive businesses will always need deep pockets to survive. Look for companies with stable cash flow to merge with companies with big projects and commitments. Foreign investment is limited in these sectors, and generally hard to count on due to unfriendly political climate. Media - rationale: the way we acquire information is changing. Old media (print, broadcast) is being surpassed by new media (online), yet old media is far superior in terms of content. Look for old and new to merge in many creative ways.


Jun 17, 2000, 12:38 AM	#13
zimdude indietechartist Join Date: May 2000	I-Next + IPhil = PSINet Philippines


Jun 20, 2000, 11:27 PM	#14
Rorschach There is no spoon. Join Date: Jun 2000 Location: Metro_Manila	In my line of work, I deal a lot with all these companies that are merging. I hate it though, because my sales are dropping since they are more concerned right now with merging their data centers rather than operating them. Anyhow, KD did indeed give a good picture of the industries that are showing signs of mergers. Anyway, from my experience, here's some of the mergers... BANKING: BPI-Far East, Equitable-PCI, Manila Bank-TA Bank-Omni Bank, Prudential Bank-Pilipinas Bank, Global Bank-Asian Bank, Urban Bank-Banco de Oro (just a rumor), Allied-PNB (same owner, but they won't merge), Metrobank doesn't need to merge anymore because they are so huge as it is. under their umbrella are banks such as Solidbank, PSBank, PhilBank, and even Global/Asia Bank. INSURANCE: Ayala-FGU, 1st Nationwide-Eastern-Malayan, Pan Philippines-Metrobank-Phil. AXA Life TELECOM: Globe-Islacom, Eastern Telecom and Bayantel are up for sale, but the biggies aren't really too interested. With Digitel, although a merger is possible, it is unlikely at this moment. MEDIA: There's a lot of things going around in the Lopez group right now (ABS-CBN, Meralco, Adtel, Maynilad, Bepres, etc.) I'm at no liberty to say what exactly, but I hope they decide to buy my products.


Jun 20, 2000, 11:29 PM	#15
Rorschach There is no spoon. Join Date: Jun 2000 Location: Metro_Manila	Word from our Malaysian office is, their government is asking that the number of banks over there be reduced from 64 to around 15 only. WOW!!! If you're looking for mergers, turn your eyes in that direction.


Jun 22, 2000, 02:09 PM	#16
dzhon Member Join Date: Jun 2000	I think there is an ongoing "operational" merger between PLDT, SMART and PILTEL. up to what extent, I think an insider can enlighten us...


Jun 23, 2000, 12:41 AM	#17
Rorschach There is no spoon. Join Date: Jun 2000 Location: Metro_Manila	PLDT, Smart and Piltel are all part of the same group of companies. The only thing they're planning to merge right now would be their purchasing. Otherwise, they'll remain as separate companies. A similar thing is happening in the San Miguel group right now. All the subsidiary companies have decided to merge their IT departments, forming SMITS (San Miguel IT Services).


Jul 24, 2000, 08:47 PM	#18
*KuyaDanny* Moderator Join Date: Jan 2000 Location: Makati	For those of you who are interested in the subject of mergers, The Economist examines six recent mergers, one deal per week, starting with its 22 July 2000 issue. Here is their introduction to the subject, taken from the table of contents: "Corporate Mergers very often fail-more than half, it is estimated, destroy shareholder value, and fewer than one in six increase it. Yet mergers are once more all the rage. What are the lessons from this record of disappointment?"


Nov 13, 2000, 01:31 PM	#19
zimdude indietechartist Join Date: May 2000	ABS-CBN, PLDT explore big telecom-media merger http://www.inquirer.net/issues/nov20...s/bus_main.htm I'm most interested how this will affect the Internet industry and broadband ... PLDT DSL+Home Cable+Sky Cable...