Posts Tagged ‘700MHz’
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May 31, 2016

Globe Telecom Acquires 50% Equity Stake in San Miguel Corp’s Telco Assets

Globe Telecom, the Philippines’ premier Telco and the Philippine Long Distance Telephone Company (PLDT) is set to jointly acquire a 700-MHz frequency asset owned by San Miguel Corporation (SMC), the country’s top multinational company.

With an acquisition cost set at Php 69.1 Billion, both telecommunication firms agreed to acquire a 50-percent equity stake in the SMC telco, firming up a duopoly in the telecommunications industry.

By utilizing the 700 MHz frequency property of SMC, the telcos would allow the deployment of a high-capacity LTE based wireless and fixed broadband network to deliver higher data rate and LTE wireless broadband service. With the use of the 700 [...]

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