Bayan 2012 revenue up 8% to P5.2B
By Paolo G. Montecillo
Lopez-led Bayan Telecommunications Inc. reported strong revenue growth for 2012 on the back of its growing broadband Internet business.
Lopez-led Bayan Telecommunications Inc. reported strong revenue growth for 2012 on the back of its growing broadband Internet business.
Globe Telecom has secured a foothold in financially distressed Bayan Telecommunications Inc. with the completion of its tender offer for the Lopez-led firm’s shares.
Ayala-led Globe Telecom is extending its early tender offer period to buy Bayan Telecommunications obligations from the smaller telco’s creditors, in line with moves for the two firms’ impending merger.
Ayala-led Globe Telecom is moving to acquire an equity stake in financially distressed Bayan Telecommunications in a bid to improve its position in the industry dominated by Philippine Long Distance Telephone Co.
Bayan Telecommunications Inc. has signed a local network interconnection deal in the province of Camarines Sur with dominant carrier Philippine Long Distance Telephone Co.
