PLDT, ABS-CBN ‘unable to agree’ on revised terms

PLDT Inc. on Tuesday all but confirmed a report that differences over pricing had led to the scuttling of a deal to purchase ABS-CBN Corp.’s broadband business. “Since the parties were unable to agree on the revisions to the commercial terms, the parties mutually decided not to proceed with the proposed transaction,” the Pangilinan-led telco […]

PLDT, ABS-CBN ‘unable to agree’ on revised terms

PLDT, ABS-CBN 'unable to agree' on revised terms thumbnail

Scroll Up

PLDT Inc. on Tuesday all but confirmed a report that differences over pricing had led to the scuttling of a deal to purchase ABS-CBN Corp.’s broadband business.

“Since the parties were unable to agree on the revisions to the commercial terms, the parties mutually decided not to proceed with the proposed transaction,” the Pangilinan-led telco said in a disclosure.

Register to read this story and more for free.

Signing up for an account helps us improve your browsing experience.

Continue

OR

See our subscription options.

Already have an account? Log in here

This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.