Cignal Cable invests in Sky Cable

Cignal Cable Acquires 38.88% of Sky Cable for Php 2.86 B; marks new chapter in Pay TV. Present in the signing are (L-R) Smart & PLDT President & CEO Alfredo S. Panlilio, Mediaquest Holdings Chairman Manuel V. Pangilinan, Mediaquest Holdings President & CEO Jane J. Basas, Sky Cable Corp President & CEO Antonio S. Ventosa, ABS-CBN Chairman Mark L. Lopez and ABS-CBN President & CEO Carlo L. Katigbak

MANILA, 10th August 2022 – Cignal Cable Corporation (“Cignal Cable”) today entered into a Sale and Purchase Agreement with Sky Vision Corporation (“Sky Vision”), ABS CBN Corporation (“ABS-CBN”), and Lopez, Inc. for the acquisition of 38.88% of the total issued and outstanding capital stock (the “Sale Shares”) of Sky Cable Corporation (“Sky Cable”), one of the leading companies that offers cable television and broadband services under the Sky Cable brand, for a total consideration of ₱2.862Bn. (more…)