C00442-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 899,848,111 |
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Subject of the Disclosure |
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Update on Sale by ABS-CBN Corporation of its interest in Sky Cable Corporation |
Background/Description of the Disclosure |
Further to our disclosure dated January 22, 2024, on the sale of Sky Cable’s (“Sky) broadband business and related assets to PLDT via the sale of 100% of Sky’s total issued and outstanding capital stock (the “Proposed Transaction”), Sky will now begin its transition into a dedicated internet service provider. Sky started informing its cable TV subscribers that its cable TV operations, subject to other conditions, will have their final broadcast and sign-off on February 26, 2024, at 11:59 pm and shall be discontinued effective February 27, 2024. This information has been made available through Sky’s website starting on January 27, 2024, and has offered other platforms to provide further information on how this new development will affect their service. |
Other Relevant Information |
N/A |
Name | Paul Michael Villanueva Jr. |
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Designation | Chief Risk Management Officer, Chief Compliance Officer & Head, ABS-CBN Shared Service Center |