PLDT (TEL) after shedding assets, buying Sky Cable from ABS?
Someone has said that in deal making, if you are a buyer pretend to be a seller and if you are a seller pretend to be a buyer. After Business World has reported that the Philippine Competition Commission (PCC) green-lit DMC Urban Property Developers, Inc.’s acquisition of Smart Towers, the Makati-based office building assets of PLDT Inc. ( TEL ), another news outfit the Philippine Star/PhilStar Global has r eported that MVP Group’s PLDT is vying for Lopez owned Sky Cable . Business World and the Philippine Star are units of Hastings Holdings, Inc. and according to the disclosure in the Business World report, Hastings Holdings, Inc. – a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. — maintains interest in BusinessWorld through the Philippine Star Group, which it controls. Hastings is a wholly-owned subsidiary of MediaQuest and holds all the print-related investments of MediaQuest, including equity interests in the three leading newspapers: The Philippine S...