Vega Telecom

Vega Telecom Inc. is a Filipino telecommunications company jointly owned by Globe Telecom and PLDT. It was established as a holding company of San Miguel Corporation for its various telecommunications investments. In separate statements on May 30, 2016, Globe Telecom and PLDT each acquired half of Vega Telecom from San Miguel Corporation for P69.1 billion. The acquisition entailed P52.08 billion for 100% equity interest in Vega Telecom and the assumption of around P17.02 billion of liabilities.[1][2]

Vega Telecom Inc.
Subsidiary
IndustryTelecommunications
Area served
Philippines
ServicesFixed-Line Telephony
Wireless Telephony
Broadband Internet
ParentPLDT (50%)
Globe Telecom (50%)
SubsidiariesBell Tel
Eastern Communications
Liberty Telecoms
Express Telecom
Hi-Frequency Telecommunications, Inc.

Subsidiaries
  • Bell Telecommunications Philippines, Inc.
  • Eastern Telecommunications Philippines, Inc.
  • Liberty Telecommunications Holdings, Inc.
  • Cobaltpoint Telecommunications Philippines, Inc. (formerly Express Telecom)
  • Hi-Frequency Telecommunications, Inc.
  • Tori Spectrum Telecommunications, Inc.

References
  1. http://www.rappler.com/business/industries/172-telecommunications-media/134713-san-miguel-corporation-selling-telco-assets-pldt-globe-telecom
  2. https://www.bloomberg.com/news/articles/2016-05-30/pldt-globe-agree-to-pay-1-5-billion-for-san-miguel-phone-unit
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.