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][3] The deal was closed on May 30, 2017.[4]
| Company type | Subsidiary |
|---|---|
| Industry | Telecommunications |
Area served | Philippines |
| Services | Wireless Telephony Broadband Internet |
| Parent | PLDT (50%) Globe Telecom (50%) |
| Subsidiaries |
|
Subsidiaries
edit- Bell Telecommunications Philippines, Inc.[1][2]
- Eastern Telecommunications Philippines Inc.[1][2]
- Liberty Telecommunications Holdings, Inc.[2]
- Cobaltpoint Telecommunications Philippines, Inc. (formerly Express Telecom)[1][2]
- Hi-Frequency Telecommunications, Inc.[1]
- Tori Spectrum Telecommunications, Inc.[1][2]
References
edit- ^ a b c d e f "PLDT - Globe to Acquire Telecommunications Business of San Miguel". PLDT. May 30, 2016. Retrieved June 21, 2021.
- ^ a b c d e f "Globe Announces the Partial Acquisition of San Miguel Corporation's Telecommunications Business". Globe. May 30, 2016. Retrieved June 21, 2021.
- ^ "San Miguel Ends Telco Push With $1.5 Billion 'Master Stroke'". May 30, 2016 – via www.bloomberg.com.
- ^ Camus, Miguel R. (May 31, 2017). "PLDT, Globe complete purchase of SMC'S telecommunications unit". INQUIRER.net. Retrieved June 28, 2021.