Vega Telecom

Vega Telecom Inc. is a Filipino telecommunications company jointly owned by Globe Telecom and PLDT. It was established as a holding company of San Miguel Corporation for its various telecommunications investments. In separate statements on May 30, 2016, Globe Telecom and PLDT each acquired half of Vega Telecom from San Miguel Corporation for P69.1 billion. The acquisition entailed P52.08 billion for 100% equity interest in Vega Telecom and the assumption of around P17.02 billion of liabilities.^[1][2][3] The deal was closed in May 30, 2017.^[4]

Vega Telecom Inc.

Company type	Subsidiary
Industry	Telecommunications
Area served	Philippines
Services	Wireless Telephony Broadband Internet
Parent	PLDT (50%) Globe Telecom (50%)
Subsidiaries	Bell Tel Eastern Communications Liberty Telecoms Express Telecom Hi-Frequency Telecommunications, Inc.

Subsidiaries

• Bell Telecommunications Philippines, Inc.^[1][2]
• Eastern Telecommunications Philippines Inc.^[1][2]
• Liberty Telecommunications Holdings, Inc.^[2]
• Cobaltpoint Telecommunications Philippines, Inc. (formerly Express Telecom)^[1][2]
• Hi-Frequency Telecommunications, Inc.^[1]
• Tori Spectrum Telecommunications, Inc.^[1][2]

References

1. "PLDT - Globe to Acquire Telecommunications Business of San Miguel". PLDT. May 30, 2016. Retrieved June 21, 2021.
2. "Globe Announces the Partial Acquisition of San Miguel Corporation's Telecommunications Business". Globe. May 30, 2016. Retrieved June 21, 2021.
3. "San Miguel Ends Telco Push With $1.5 Billion 'Master Stroke'". May 30, 2016 – via www.bloomberg.com.
4. Camus, Miguel R. (May 31, 2017). "PLDT, Globe complete purchase of SMC'S telecommunications unit". INQUIRER.net. Retrieved June 28, 2021.

External links

• BellTel
• Eastern Communications
• Liberty Telecoms Holdings
• wi-Tribe Philippines