^
+ Follow EASTERN TELECOMMUNICATIONS PHILS Tag
EASTERN TELECOMMUNICATIONS PHILS
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 740557
                    [Title] => ISM to focus on banking after telecom divestment
                    [Summary] => 

Ongpin-led ISM Communications Corp. has decided to complete its divestment in the telecommunications industry to enable it to channel its resources to support its recent investment in the Philippine Bank of Communications (PBCom).

[DatePublished] => 2011-10-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 739282 [Title] => SMC gains majority stake in Eastern Telecoms [Summary] =>

San Miguel Corp. (SMC) is now the majority owner of Eastern Telecommunications Phils. Inc. (ETPI) with a 77.7 percent stake after acquiring an additional 37.7 percent in the telecommunications company.

[DatePublished] => 2011-10-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 711968 [Title] => PLDT, JG Summit agree to extend anew closing date of Digitel sale [Summary] =>

Telecommunications leader Philippine Long Distance Telephone Co. (PLDT) and JG Summit Holdings, Inc. have agreed to extend anew the closing date of the sale of the latter’s 51.55 percent stake in Digital Telecommunications Phils. Inc. (Digitel) covered by a sale and purchase agreement (SPA) dated March 29, 2011 from July 30, 2011 to Aug. 26, 2011.

[DatePublished] => 2011-08-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 691356 [Title] => SMC plans to increase stake in Eastern Telecom to majority [Summary] =>

San Miguel Corp. (SMC), through its wholly-owned subsidiary Vega Telecom Inc., is eyeing a majority stake in Eastern Telecommunications Phils. Inc. (ETPI), a company controlled by businessman and former Trade Minister Roberto Ongpin, in a bid to fortify its presence in the local telecommunications sector.

[DatePublished] => 2011-06-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 622043 [Title] => San Miguel Corp to enter telecom business [Summary] =>

San Miguel Corp. (SMC) is planning to enter the highly competitive cellular mobile telephone service (CMTS) industry via its newly acquired Bell Telecommunication Philippines Inc. (BellTel).

[DatePublished] => 2010-10-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 567934 [Title] => ISM Communications suffers 50% profit drop to P149.4 million in 2009 [Summary] =>

ISM Communications suffered a 50 percent drop in its consolidated net income to P149.4 million in 2009 from P301 million in 2008.

[DatePublished] => 2010-04-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 473208 [Title] => ISM Communications eyes 4 information and communications companies [Summary] =>

MANILA, Philippines – Publicly listed ISM Communications Corp. is looking at acquiring four companies in the information and communications technology (ICT) sector.

[DatePublished] => 2009-06-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 22961 [Title] => Ongpin group acquires Smart stake in ETPI [Summary] => [DatePublished] => 2007-10-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 380377 [Title] => ETPI majority owners’ bid to acquire Smart’s stake faces rough sailing [Summary] => An attempt by the controlling shareholders of Eastern Telecommunications Phils. Inc. (ETPI) to acquire the 9.8 percent stake of Smart Communications in the former is facing rough sailing, highly placed sources told The STAR.

It was learned that Smart wants ISM Communications, a publicly listed company controlled by former Trade Minister Roberto Ongpin which now owns 57.7 percent of ETPI, to acquire Smart’s stake in ETPI at the price which the Philippine Long Distance Telephone Co. (PLDT) wholly owned mobile subsidiary acquired it many years back.
[DatePublished] => 2007-01-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 359868 [Title] => Philweb to acquire additional ISM Communications shares [Summary] => Information technology and online gaming firm Philweb Corp. has agreed to acquire the 10.9-percent stake held by Hong Kong-based Softbank Investment International (Strategic) Ltd. in ISM Communications Corp. for $1.43 million.

In a disclosure to the Philippine Stock Exchange, Philweb said it would acquire 2.29 billion shares in ISM, payable in four equal tranches every three months from the date of the agreement.

With the acquisition, Philweb’s ownership in ISM will increase to 40 percent.
[DatePublished] => 2006-09-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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