Ginebra Reports Strong 1Q Income and Revenue Growth

Mandaluyong—(PHStocks)—Ginebra San Miguel Inc. (PSE: GSMI), the hard liquor unit of San Miguel Corp. (PSE: SMC), continued to make gains this year following a return to profitability in 2016. GSMI revenues for the first quarter of 2017 rose by 31% to PhP5.1 billion as volumes grew 32%. Net income for the same period more than […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in May 2016

Manila—(PHStocks)—Last month saw the Philippines’ presidential elections, and the looming change of administration in the country saw investor mood getting more positive, as seen in the mostly positive levels of the mainboard PSE index. We have yet to see really the impact of this new government in the country’s economy. Let’s just hope it’s for […]
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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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SMC 2015 Operating Income Reaches PhP78.7 Billion

Mandaluyong—(PHStocks)—San Miguel Corp. (PSE: SMC) reported better-than-expected 2015 results, despite a challenging year characterized by uncertainties in the global economic environment. SMC reported a 41% surge in operating income to PhP78.7 billion, driven mainly by the robust performance of its foods, beverage, and packaging  units along with higher margins from Petron Corp. (PSE: PCOR), the results […]
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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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Telstra’s Entry Worries Rivals

Another war is brewing in the telecom industry, ahead of Telstra Corp.’s planned entry, as the incumbent players asked the government to auction off some of the “very powerful” mobile frequency band held by San Miguel Corp. (PSE: SMC). Related Articles:PHStocks Dividend Roundup: FDC, PSB, NIKL, CDC, LFM, KPH, BRN, BDO, LAND, SMC, TEL, COATPH […]
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Liberty Posts PhP897M Loss

Liberty Telecoms Holdings Inc. (PSE: LIB), a provider of high-speed Internet services backed by San Miguel Corp. (PSE: SMC) and Qatar Telecom, closed another year in the red while signaling—for the first time—that mounting losses are casting doubts on its business viability. Liberty said in its 2014 annual report that net losses for the year amounted […]
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