Sky Cable

Breaking News: PLDT and ABS-CBN Cancel Sky Cable Deal

PLDT's acquisition of Sky Cable is no longer happening! Find out the latest on this surprising turn of events.

In a shocking turn of events, ABS-CBN Corp. and PLDT Inc. have decided to cancel the deal involving the sale of Sky Cable, a subsidiary of ABS-CBN, to PLDT. This mutual decision comes after much speculation and anticipation in the telecommunications industry. With the sale no longer pushing through, Sky Cable subscribers can breathe a sigh of relief as their cable television service will continue uninterrupted beyond the initial Feb. 26 deadline.

Although the PLDT-Sky Cable deal is off the table, Sky's internet broadband service, SKY Fiber, remains unaffected. This comes as good news for loyal subscribers who rely on SKY Fiber for their internet needs. The termination of the agreement is a significant development that showcases the dynamic nature of business negotiations and partnerships in the industry.

In a joint statement, ABS-CBN Corp. and PLDT, Inc. expressed their gratitude to Sky subscribers for their continued support and patronage. Despite the cancellation of the deal, both companies remain committed to providing quality services and maintaining customer satisfaction. The termination of the acquisition highlights the complexities and uncertainties that businesses face, emphasizing the importance of adaptability and strategic decision-making in the ever-evolving market landscape.

Overall, the cancellation of the PLDT acquisition of Sky Cable marks a pivotal moment in the telecom sector, raising questions about future partnerships and acquisitions. As Sky Cable TV service continues without changes, subscribers can look forward to uninterrupted access to their favorite shows and programs. The resilience of SKY Fiber amid this decision reaffirms its position as a reliable internet provider for households across the Philippines, ensuring a seamless online experience for users.