Lopezes now have 100% control of cable TV industry as Skycable buys Destiny Cable

[rubberr_ducky]

How I wish may antitrust tayo dito at parang no choice masyado sa cable tv service. May cignal tv pa ba?

[_Bahay_Kubo_]

Sky Cable buys Destiny Cable’s assets
ABS-CBNnews.com
Posted at 05/11/2012 10:01 PM | Updated as of 05/11/2012 10:04 PM


MANILA, Philippines - Three companies, including Destiny Cable, have agreed sell their cable TV and broadband internet assets and subscribers to the Lopez-owned Sky Cable Corp. (SKY).

Destiny Cable Inc. (DCI), Solid Broadband Corporation (SBC), and Uni-Cable TV Inc. (UNI) said they "have recently forged an agreement" with SKY "to further improve the services provided to their Destiny cable television and MyDestiny broadband internet subscribers."

A statement on the deal released Friday said “the agreement entails the sale of the cable TV and broadband internet assets and subscribers of DCI, SBC, and UNI to SKY.”

“The pay TV and broadband markets require continuous significant investments, if we are to keep up with our major competitors, particularly the direct-to-home satellite (DTH) and telco companies,” said David Lim, president of DCI, SBC, and UNI.

Lim said the agreement was reached order to give their Destiny Cable and MyDestiny broadband subscribers “the best products and services possible.”

To do this, Lim said they “realized that this will entail resources, for digitizing our cable network and expanding our broadband services, that we do not have.”

“We believe our agreement with SKY will allow subscribers to enjoy the benefits of the latest technologies," Lim said.

SKY Chief Operating Officer Rodrigo P. Montinola, meantime, said, “We are happy with the opportunity to extend the unique advantages of the digital cable TV and cable broadband internet platforms to Destiny and MyDestiny subscribers.”

He said SKY “will take extra care not to disrupt the existing services of the current subscribers – they will continue to pay same monthly fees for their subscribed plans, at the same payment centers, and can continue to reach Customer Service at the same numbers. We will make announcements on new services to be made available, at the appropriate time.”

Lim said the deal will allow their holding company, Solid Group Inc., to focus on selling its mobile phone brand, MyPhone.

“Our tie up with SKY came at an opportune time as it allows us to focus on our other core businesses. Our holding company Solid Group Inc (SGI), markets and distributes the leading Filipino mobile phone brand MyPhone," he said.

ABS-CBN Corp.'s Sky Cable is the Philippines’ largest cable television service provider with around 500,000 upscale subscribers in Metro Manila and key urban areas nationwide.

ABS-CBNnews.com is the online news outfit of ABS-CBN Corp.

[ylle45]

mabuhay ang oligarchs

[kuroihikari]

I'm saddened by this (to say the least. I avoided SkyCable like the plague), but this was bound to happen.

SkyCable has the monopoly on certain popular channels like BTV and Balls, and Destiny was probably losing subscribers because of that. Annoying development, but Sky had laid the foundations for this for a long time.

I just hope we get the same consistent service from MyDestiny.

[_Bahay_Kubo_]

the more we need antitrust laws here in this country. however, we can't do that as long as oligarch-backed and -financed politicians get elected to power by oligarch-manipulated "masa" voters and oligarch-paid PCOS machine operators.

[my_2_cents]

Ang tanong - kailan magkakaroon ng TFC-HD?

--
my_2_cents

[rofl]

Even the cable industry has been monopolized. lol. Just lol.

[razzer_rising]

Proud Kapamilya.

[faradayPH]

Ha..ha... now they can propagate and brainwash more people to become yellow zombies. Its a good thing there is Internet alternative information

[Papichulo168]

Goodbye P500/mo all channel cable tv,

hello P1,200/mo limited channel cable tv.

[_Bahay_Kubo_]

time to switch to Cignal?

[kongersman]

Angal ng angal sa negosyo ng mga Lopez pero di naman niyo kaya ng wala mga ito. Inggit lang naman talaga ang dahilan kaya laki ng galit ng iba rito. Yung ninakaw ni Gloria higit sampung beses na mas malaki pero pinagtatanggol niyo pa.

[Impenneteri]

meron na bang Cable tv si MVP?

[_Bahay_Kubo_]

^ it's not really cable TV but what the Salim Group (MVP) has is Cignal satellite TV.

[BeerhandBop]

yea. there is cignal for those who doesn't want to swith to skycable.

even sa mga nagnanakaw nga ng cable, ayaw nila ng destiny. dati before having the digibox, laging malabo ang signal namin ng skycable dahil nga sa sobrang daming nagnanakaw ng cable.

yung destiny, sobrang linaw naman. lol.


anyway, it's the truth that destiny seriously needs to upgrade their services. everyone else already has HD services, destiny, wala paring plano. so might as well just dissolve the company than spending money to upgrade their services.

[markfroilan]

^buti na lang may 2 kaming satellite dish(1round and 1oval) with receivers, cables, and LNB, nakuha ko dati from direct TV.

wag mag alala, ang Bayantel ba nag prosper?
ngayon ang ABS ba nag proprosper?

[BULAKENYO1980]

Baka sa Metro Manila lang.

Local yung cable company namin dito. Mas kumpleto yung cable channels sa Manila, 47 channels lang dito, pangit pa yung iba. Pero 350 pesos per month lang.

Pwede na. Baka mag improve pa sila, malay natin.

[xtrm]

Switch to Cignal na Guys, let's Support MVP

in other news:

Pangilinan, Razon: Titans clash over oil deal with Chinese firm
By Gil C. Cabacungan
Philippine Daily Inquirer | May 9, 2012 at 10:41 pm
Tweet Facebook
Ports tycoon Enrique Razon is opposing a plan by Philex Mining Corp. chair Manuel Pangilinan to bring in a Chinese company as a partner in tapping natural gas deposits in Recto Bank off the coast of Palawan province.

“Manny Pangilinan’s trip to Beijing is on his own accord and he does not speak for the other partners in the consortium and any discussion he had with CNOOC (China National Offshore Oil Corp.) is only as far as the share of Pangilinan’s group is concerned,” said Razon in a text message to the Inquirer.

Razon controls privately held Monte Oro Resources Energy, which has a 30-percent share in Service Contract 72

(SC-72), the state-granted exploration franchise that covers Recto Bank.

Philex Mining, through its subsidiaries FEC Resources Inc. and Philex Petroleum, owns a controlling 64.45-percent share of Forum Energy Plc., which holds the remaining 70-percent share of SC-72.

Razon was irked by Pangilinan’s admission that he visited Beijing last week to meet with CNOOC officials with SC-72 as the “primary focus of discussions.”

‘Colossal sign of weakness’

“As the only Filipino-owned company in SC-72, bringing in the Chinese is a colossal sign of weakness and poor judgment. Discussing the possible resources in Recto Bank is an ill-advised move,” said Razon.

He was referring to the monthslong tension between the Philippines and China over the Panatag Shoal off the coast of Zambales province.

Recto Bank is also being claimed by China.

Two weeks ago, Forum Energy said that new findings had showed that the gas deposits in SC-72 could be bigger than previously estimated.

The bigger estimate was based on the interpretation of new 3D and 2D data from the service contract area, according to Forum Energy.

Previous estimates said that the Sampaguita prospect alone was expected to hold roughly 3.4 trillion cubic feet of gas and potentially 440 million barrels of oil, deposits believed to be bigger than the existing Malampaya gas field off Palawan.

Indonesian bosses

Razon noted that while Pangilinan was a Filipino, his bosses—the Salims of Indonesia—were not. Pangilinan is the CEO of the Hong Kong-based First Pacific group owned by the Salims.

“If Pangilinan insists on bringing in CNOOC, he has to dilute his group’s 65-percent share holdings to accommodate them,” said Razon.

He was adamant that Monte Oro would not agree to having CNOOC as a consortium partner.

“We cannot be diluted as our stake is direct. So if they want a partner it has to come out of their share.”

Earlier, lawmakers raised questions about Pangilinan’s decision to consider a Chinese company as a partner in exploring the disputed territories of the country, with one of them calling the act “treasonous.”

Back to GMA

“Philex is going back to the stance of (former President) Gloria Macapagal-Arroyo of acceding to the ‘joint development’ of the West Philippine Sea which is the Chinese position. China essentially bought GMA. Yes, it is treasonous,” said Akbayan Rep. Walden Bello.

Muntinlupa Rep. Rodolfo Biazon said: “Why are we allowing the Chinese to explore any part of our territory when they are treating us like pushovers in our boundaries? It’s like going to bed with the enemy.”

In a text message, Pangilinan said: “He’s entitled to his opinion, I suppose. All I can say is—“How does he (Razon) know what we talked about with CNOOC? As far as I know, he was neither invited to nor was he present at the meeting. The resource potential of SC-72 was not discussed at all.”

http://m.inquirer.net/business/?id=58483


Basta kay MVP tayo lagi, PEX
who cares kung di bumababa yung Price ng Toll,Water at Electricity kahit nabili na ito ni MVP sa mga Lopezes dati at ayaw pa din ng Smart ibigay yung 0.80 per Text, Basta MVP Friendly pa din ang PEX at Anti-Lopez tayo

may Proud Pinoy Business Tycoon Thread pa yung mga PEX

[_Bahay_Kubo_]

^ ha? but MVP is just a puppet of the real owners of "his" businesses here, the Chinese-Indonesian Salim clan. kung si MVP nga ang may-ari ng mga yan, he should be the wealthiest man in this country now.

[Busilak]

Baka sa Metro Manila lang.

Local yung cable company namin dito. Mas kumpleto yung cable channels sa Manila, 47 channels lang dito, pangit pa yung iba. Pero 350 pesos per month lang.

Pwede na. Baka mag improve pa sila, malay natin.

May Cablelink pa sa Metro Manila, pero sa Muntinlupa, Las Pinas at Paranaque lang. 106 channels at P495 per month.

It's in Wikipedia http://en.wikipedia.org/wiki/Cablelink