Ayala Acquires NTC

AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), was selected as the winning bidder of the tender process conducted for the sale of shares of National Teachers College (NTC). A Share Purchase Agreement for approximately 96% of NTC’s shares has been executed by the parties. The acquisition remains subject to […]
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NTC: Reallocation of 700Mhz Frequency Difficult

The National Telecommunications Commission (NTC) said it would be difficult to reallocate the 700 Megahertz (Mhz) frequency band held by San Miguel Corp. (PSE: SMC) despite calls to auction it for faster Internet speed. Related Articles:Globe Announces Partial Acquisition of San Miguel’s Telecoms AssetsSMC 2015 Operating Income Reaches PhP78.7 BillionTelstra’s Entry Worries RivalsGovernment Urged to […]
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Government Urged to Stimulate Investments in Internet Backbone

The government has been urged to make the business climate more conducive to investments in the Internet infrastructure—where the Philippines is said to be lagging behind its neighbors in the region—due to the massive price tag involved. Related Articles:PLDT Sells Stocks in Beacon Electric Asset to MPICPLDT Declares Cash Dividends on Voting Preferred StockMPIC Ups […]
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