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Wednesday, August 15, 2012

SKYCABLE PLANS IPO TO FUND EXPANSION!

MANILA, Philippines - Lopez-owned Sky Cable is planning to undertake an initial public offering (IPO) of its shares to raise additional funds for its expansion, a top company executive said.

In an interview with The STAR, ABS-CBN Corp. chairman Eugenio Lopez III said that with the recent acquisition of the cable television and broadband Internet business of the Destiny Group, Sky Cable is now more confident about its business prospects in the future. Sky Cable is a unit of ABS-CBN.


Lopez also revealed that they are currently studying whether or not to retain the Destiny Cable brand. “We already have a brand that takes care of the low-end segment of the market. In fact, that offering of Sky Cable is even cheaper than what Destiny has been marketing,” he said.

With the recent acquisition of Destiny’s cable TV subscribers, Lopez said their subscriber base has increased to around 800,000 nationwide, of which Destiny had around 200,000.

He explained that the initial thinking is simply migrate Destiny cable TV subscribers to Sky Cable since the infrastructure of the two cable TV companies are redundant and would therefore be more expensive to maintain.

Meanwhile, Lopez said most Sky Cable subscribers have already migrated from analog to digital cable TV. “Very soon, those that remain on analog will no longer be able to access the service since more and more of the channels are already being encrypted in the digital set-top box,” he explained.

Sky Cable has invested billions for the migration from analog to digital not only to curb cable TV signal piracy but also to offer value-added services such as pay-per-view.

Sky Cable last May acquired for P3.5 billion the cable television business of rival Destiny Cable Inc. (DCI) and Uni-Cable TV Inc. (UNI) as well as the broadband Internet assets and subscribers of Solid Broadband Corp. (SBC).

Sky Cable is owned by ABS-CBN Corp. while SBC is a wholly owned subsidiary of publicly-listed Solid Group Inc. (SGI). DCI, which mainly operates in Metro Manila, and UNI, which operates a cable TV business in Cebu, is owned by other companies held by the Lim family which owns Solid.

A few years back, Sky Cable also acquired the assets of Home Cable from the PLDT Group which now operates the country’s largest direct-to- home (DTH) satellite tv and second biggest pay TV company Cignal.


19 comments:

identity said...

SKYCABLE PLANS IPO TO FUND EXPANSION!

KAYANG KAYA TOTAL SKYCABLE/DESTINY CABLE DIBA SA KANILA NARIN..

SOOOOOOOOOOO...GOOOO...

Anonymous said...

galing talga ng dos!!!

Anonymous said...

lugi na kc lugi lugi lugi lugi...

Anonymous said...

lugi ang syete kaya for sale LOL!!!

identity said...

75 percent..YAN UN SHARE ng GMA pag mtuloy un BENTAHAN eh MAPUNTA kay MVP...

MUHABOY said...

Dapat Meron din GOZON HOLDINGS hehehe. PAra meron din Parent Company ang GMA-7... Look at That GOZON, sa panaginip mo nalang pwedeng tapatan ang LOPEZ... hahaha...

identity said...

Sinong mas credible na TV Ratings Provider?


AGB Nielsen Phils.
122 (21%)

Kantar Media-TNS
440 (78%)

http://philippine-tv-ratings.blogspot.com/2012/07/london-2012-olympics-all-games-live-streaming.html

Anonymous said...

marami na talagang televiewers ang nawalan ng tiwala sa agb....base sa taas ^

Anonymous said...

kapamilya lugi na...bagsak pa sa ratings..agb more credible than kantar....

Anonymous said...

WEH? SHUNGAK LANG TEH? DI PA MARUNONG MAGBASA KALOKANG MGA KAPUSIT NA ITO KAYA BINABAHA DAHIL UTAK MGA PUSIT KAYA BAGAY SA TUBIG MABULOK KAYO!!!

Kaposo-Negro said...

==========================================
Anonymous said...
kapamilya lugi na...bagsak pa sa ratings..agb more credible than kantar....

August 15, 2012 5:43 PM
==========================================

ikaw ang bahala kung yan talaga pinaniniwalaan mo! ikaw din nagpapaniwala sa kasinulangalinagn. hehe

Anonymous said...

makabili ng IPO ng skycable after that maibenta na for sure tubo ka na dahil after a week or two baba na yan strategy ikanga sa stock market buy low sell high simpleng buy and sell alam nyo ba yan kapuso sa stock market???

Anonymous said...

ibenta na abs sa mga bote at bakal. tutal lugi na at bagsak pa sa ads at ratings.

identity said...

^
^
^
hehehe ibenta un ABS...?

ok...

ipabigay nlng un GMA...

identity said...

Sinong mas credible na TV Ratings Provider?


AGB Nielsen Phils.
122 (21%)

Kantar Media-TNS
440 (78%)

http://philippine-tv-ratings.blogspot.com/2012/07/london-2012-olympics-all-games-live-streaming.html

Anonymous said...

sinungaling yung sa taas,magsinungaling lng para pagtakpan ang masakit na katotohanan!
FYI! lahat ng tatlong owners ng GMA ay nasa top 40 richest people 2012 , ci lopez isa lang kasali sa top 40, pero GMA 3,,getz nio,, and besides GMA is ddebt free di tulad ng iba jan,,,na sangkaterba ang utang--ipinagmamalaki nio?moron kb?

Anonymous said...

kailanman di credible ang kantar na kasi palagi nalang bias...! kaunti ang panel nila sa buong pinas ang AGB mas maraming panel at di sinungaling so agb ang pinakacredible kaya nga maraming subcriber ang agb pero ang kantar abs lng ang sucscriber nila

Anonymous said...

basta kapuso - tanga, bobo, squatter, cheap hahahaha. kalerQUI.

Kaposo-Negro said...

=========================================
Anonymous said...
kailanman di credible ang kantar na kasi palagi nalang bias...! kaunti ang panel nila sa buong pinas ang AGB mas maraming panel at di sinungaling so agb ang pinakacredible kaya nga maraming subcriber ang agb pero ang kantar abs lng ang sucscriber nila

August 16, 2012 2:29 PM
=========================================
Weeeh? May proof ka bang bias ang Kantar? eh kasi yung AGB maraming proof para masabing bias sila! Meron dun sa INDIA, sa GREECE, TURKEY meron din sa PHILIPPINES! ano kaya next target nilang Bansa? :D

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