PLDT and Globe Close Purchase of San Miguel Telecoms Businesses

Makati—(PHStocks)—Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) today announced that further to the disclosure made earlier today on its acquisition of the telecommunications business of San Miguel Corp. (PSE: SMC), PLDT and Globe Telecoms Inc. (PSE: GLO) have signed and executed (i) a Sale and Purchase Agreement (SPA) with SMC to acquire the entire share capital of Vega Telecom […]
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Globe Announces Partial Acquisition of San Miguel’s Telecoms Assets

Taguig—(PHStocks)—The Board of Directors of Globe Telecom Inc. (PSE: GLO), through its Executive Committee, approved the acquisition and signing of a sale and share purchase agreement and other related definitive agreements for the following entities: 50% of the issued and outstanding capital stock of Vega Telecom Inc. (VTI) from San Miguel Corp. (PSE: SMC); 50% […]
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Ayala Net Income Climbs 15% to PhP5.8B in 1Q 2016

Makati—(PHStocks)—Ayala Corp. (PSE: AC) recorded a net income of PhP5.8 billion in the first quarter of the year, expanding 15% from a year ago, as most of its businesses performed well with largest growth coming from its real estate, power generation, and automotive businesses. This strong first quarter results was driven by the equity earnings contribution […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in March 2016

Below is the list of the top 50 strongest performing stocks for the month of March. 1. Concrete Aggregates Corp. “A” (PSE: CA): PhP339, 438.09% 2. Da Vinci Capital Holdings Inc. (PSE: DAVIN): PhP5.90, 115.33% 3. Mabuhay Vinyl Corp. (PSE: MVC): PhP4.78, 71.94% 4. Synergy Grid & Development Philippines Inc. (PSE: SGP): PhP250, 64.47% 5. […]
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Globe Telecom Signs PhP7 Billion Term Loan with Landbank

Taguig—(PHStocks)—Globe Telecom Inc. (PSE: GLO) signed a 10-year PhP7 billion term loan with Landbank. The loan shall be used to finance the company’s capital expenditures. Globe set a capital expenditure program of up to $750 million for 2016, majority of which would be invested for data-related projects, including LTE for mobile  and @Home, capacity and coverage augmentation of 3G and HSPA+, modernization of […]
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Ayala Breaches Profit Target, Nets PhP22.3B in 2015

Makati—(PHStocks)—Ayala Corp.’s (PSE: AC) net income expanded 20 percent to PhP22.3 billion in 2015, beating its target a year earlier than planned. This was primarily driven by the solid performance of its real estate and telecommunications businesses and lifted by contributions from its power generation unit. Excluding capital gains primarily from the partial sale of […]
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Globe Achieves PhP113.7B Consolidated Service Revenues for 2015

Taguig—(PHStocks)—Globe Telecom Inc. (PSE: GLO) registered another record year, posting its highest full-year consolidated service revenues of PhP113.7 billion, 15% higher than the previous record level of PhP99 billion in 2014. Revenues peaked in the fourth quarter, reaching a record high of PhP30.3 billion, up 3% from last quarter and 15% higher than the same […]
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Businesses Urged to Innovate in the Digital Age

Enterprise leaders were urged at the 6th annual Enterprise Innovation Forum (EIF) hosted by Globe Telecom Inc. (PSE: GLO) to innovate more to sustain competitiveness in the digital age. Related Articles:PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016Globe myBusiness Gains Stronghold in SME SectorGlobe Granted FBO License by Singapore’s IDAPHStocks Exclusive: Top 50 […]
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