Home Cable

Home Cable was a cable television service in the Philippines. It covered the areas in Metro Manila from April 27, 1992 until its closure in June 30, 2005 when it was folded into Sky Cable's operations.

Home Cable
TypePrivate (brand)
IndustryTelecommunications
PredecessorSining Makulay Inc. (1978-1986)
Founded1978 as Sining Makulay Inc.
April 27, 1992 as Home Cable
DefunctJune 30, 2005
FateMerged its operations into Sky Cable
SuccessorSkyCable
HeadquartersPhilippines
Area served
Metro Manila
ServicesCable television
OwnerSky Cable Corporation
ParentBeyond Cable Holdings
Websitewww.home-cable.com

Beyond Cable Holdings, a 50-50 joint venture firm owned by the Benpres Holdings (now Lopez Holdings Corporation) and PLDT-backed media firm MediaQuest Holdings, was the parent company of Home Cable.

HistoryEdit

As Sining Makulay Inc.Edit

The origins of Home Cable can be traced to Sining Makulay, Inc. (SMI), the first commercial cable television company in the Philippines which was granted an exclusive franchise in 1978 (under Presidential Decree No. 1512) and began its operations in 1979. SMI was owned by Roberto Benedicto, a businessman and one of political cronies of then-President Ferdinand Marcos.[1][2]

In 1987, President Corazon Aquino issued Executive Order No. 50 which ended the monopoly of SMI and the company ceased operations.[3] In the 1990s, SMI was eventually bought by Unilink Communications Corporation.[4]

As Home Cable, merger with Sky and closureEdit

After the acquisition by Unilink Communications Corporation, SMI resumed its cable operations as Home Cable was officially launched on April 27, 1992, competing with rival Sky Cable. MediaQuest Holdings, a newly established media investment firm of PLDT, acquired Home Cable in July 1999.[4]

On July 1, 2001, Sky Cable owner Benpres Holdings and MediaQuest entered into a master consolidation agreement to form the holding company Beyond Cable, Inc. with an enterprise value of P14.5 billion to manage both operations of Sky Cable and Home Cable.[5]

On June 30, 2005, Home Cable ceased its operations (which was replaced by SkyCable Silver).

ReferencesEdit

  1. ^ Avecilla, Victor (16 August 2014). "Sky Cable's deteriorating services". Manila Standard.
  2. ^ "PRESIDENTIAL DECREE No. 1512". Chan Robles.
  3. ^ Palabrica, Raul (8 September 2014). "Commercials on cable TV". Philippine Daily Inquirer.
  4. ^ a b "Cable TV guy's police connection". ABS-CBN News. 13 March 2008.
  5. ^ "Home, SkyCable merge". The Philippine Star. 4 April 2001.

External linksEdit