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|industry = [[Telecommunications]]
|industry = [[Telecommunications]]
|products = [[ABS-CBN Mobile]], [[ABS-CBN TV Plus]]
|products = [[ABS-CBN Mobile]], [[ABS-CBN TV Plus]]
|services = [[Cellular Telephony]], [[Digital Terrestrial Television]]
|services = [[mobile telephony]], [[digital terrestrial television]]
|revenue =
|revenue =
|operating_income =
|operating_income =
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On January 27, 2012, [[Bayan Telecommunications]] (BayanTel) signed an asset purchase agreement with ABS-C to hand over BayanTel's wireless landline service and its related assets to the latter, which was completed on February 1. The handover includes the telco company's required licenses, interconnection trunks, subscribers and employees.<ref name="ABS-C">{{cite press release|url=http://ir.abs-cbn.com/Portals/_default/Skins/ir/pdf/081513-ABS_SEC17Q_2Q2013.pdf |title=ABS-CBN Corporation - SEC Form 17-Q 2Q13 Quarterly Report |date=14 August 2013}}</ref> This agreement is executed after BayanTel's acquisition by [[Globe Telecom]] through the acquisition of 96.17% of the company's debt.<ref>{{cite web|url=http://www.rappler.com/business/18669-ayala-s-globe-completes-take-over-of-lopez-bayantel |title=Ayala's Globe Completes Take-Over of Lopez's BayanTel}}</ref> The company later informed the National Telecommunications Commission that they will terminate this service in March 10, 2014 for reasons of costly maintenance. The subscribers of ABS-C's wireless landline service was migrated to ABS-CBN Mobile after the service shut down.<ref>{{cite web|url=http://www.interaksyon.com/business/83376/abs-cbn-telecom-arm-to-terminate-wireless-landline-service |title=ABS-CBN telecom arm to terminate wireless landline service}}</ref>
On January 27, 2012, [[Bayan Telecommunications]] (BayanTel) signed an asset purchase agreement with ABS-C to hand over BayanTel's wireless landline service and its related assets to the latter, which was completed on February 1. The handover includes the telco company's required licenses, interconnection trunks, subscribers and employees.<ref name="ABS-C">{{cite press release|url=http://ir.abs-cbn.com/Portals/_default/Skins/ir/pdf/081513-ABS_SEC17Q_2Q2013.pdf |title=ABS-CBN Corporation - SEC Form 17-Q 2Q13 Quarterly Report |date=14 August 2013}}</ref> This agreement is executed after BayanTel's acquisition by [[Globe Telecom]] through the acquisition of 96.17% of the company's debt.<ref>{{cite web|url=http://www.rappler.com/business/18669-ayala-s-globe-completes-take-over-of-lopez-bayantel |title=Ayala's Globe Completes Take-Over of Lopez's BayanTel}}</ref> The company later informed the National Telecommunications Commission that they will terminate this service in March 10, 2014 for reasons of costly maintenance. The subscribers of ABS-C's wireless landline service was migrated to ABS-CBN Mobile after the service shut down.<ref>{{cite web|url=http://www.interaksyon.com/business/83376/abs-cbn-telecom-arm-to-terminate-wireless-landline-service |title=ABS-CBN telecom arm to terminate wireless landline service}}</ref>


On May 28, 2013, ABS-C signed a network-sharing agreement with Globe to create a new cellular telephony brand ABS-CBN Mobile, expected to begin by the end of 2013. ABS-CBN Mobile will create its own [[Prepaid mobile phone|prepaid]] and [[Postpaid mobile phone|postpaid]] voice, SMS, and mobile broadband services while sharing servers, towers, and switches with Globe. Parent ABS-CBN Corporation will inject [[Philippine peso|₱]]2-3 billion to subsidiary ABS-C to build and expand the telco service for the next 2 years.<ref>{{cite news|url=http://business.inquirer.net/124117/abs-cbn-forays-into-telco-business |title=ABS-CBN forays into telco business |last=Montecillo |first=Paolo |work=[[Philippine Daily Inquirer]] |date=28 May 2013}}</ref>
On May 28, 2013, ABS-C signed a network-sharing agreement with Globe to create a new mobile telephony brand ABS-CBN Mobile, expected to begin by the end of 2013. ABS-CBN Mobile will create its own [[Prepaid mobile phone|prepaid]] and [[Postpaid mobile phone|postpaid]] voice, SMS, and mobile broadband services while sharing servers, towers, and switches with Globe. Parent ABS-CBN Corporation will inject [[Philippine peso|₱]]2-3 billion to subsidiary ABS-C to build and expand the telco service for the next 2 years.<ref>{{cite news|url=http://business.inquirer.net/124117/abs-cbn-forays-into-telco-business |title=ABS-CBN forays into telco business |last=Montecillo |first=Paolo |work=[[Philippine Daily Inquirer]] |date=28 May 2013}}</ref>


The [[National Telecommunications Commission (Philippines)|National Telecommunications Commission]] approved the deal on June 8, 2013.<ref>[http://www.philstar.com/business/2013/06/08/951358/ntc-okays-globe-abs-cbn-network-sharing-agreement NTC okays Globe–ABS-CBN network sharing agreement]</ref> The mobile service is supposed to launched on early September but it was postponed due to operational issues.<ref>{{cite web|url=http://www.interaksyon.com/business/73128/abs-cbn-unlikely-to-launch-mobile-phone-service-this-year |title=ABS-CBN unlikely to launch mobile phone service this year |last=Amolejar |first=Darwin |publisher=InterAksyon |date=20 October 2013}}</ref> ABS-CBN Mobile was instead launched on November 16, 2013 for the benefit of the survivors of [[Typhoon Haiyan]].
The [[National Telecommunications Commission (Philippines)|National Telecommunications Commission]] approved the deal on June 8, 2013.<ref>[http://www.philstar.com/business/2013/06/08/951358/ntc-okays-globe-abs-cbn-network-sharing-agreement NTC okays Globe–ABS-CBN network sharing agreement]</ref> The mobile service is supposed to launched on early September but it was postponed due to operational issues.<ref>{{cite web|url=http://www.interaksyon.com/business/73128/abs-cbn-unlikely-to-launch-mobile-phone-service-this-year |title=ABS-CBN unlikely to launch mobile phone service this year |last=Amolejar |first=Darwin |publisher=InterAksyon |date=20 October 2013}}</ref> ABS-CBN Mobile was instead launched on November 16, 2013 for the benefit of the survivors of [[Typhoon Haiyan]].

Revision as of 11:53, 11 December 2016

ABS-CBN Convergence, Inc.
Company typeSubsidiary
IndustryTelecommunications
FoundedDecember 29, 2011
Headquarters
ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. corner Mother Ignacia St., Brgy. South Triangle, Diliman, Quezon City
,
Philippines
Key people
Carlo Katigbak (President)
ProductsABS-CBN Mobile, ABS-CBN TV Plus
Servicesmobile telephony, digital terrestrial television
OwnerABS-CBN Corporation (68%)
Globe Telecom (32%)[1]
ParentABS-CBN Corporation

ABS-CBN Convergence, Inc. (formerly known as Multimedia Telephony, Inc.) is the communications subsidiary of the media conglomerate ABS-CBN Corporation. It operates a wireless mobile phone service ABS-CBN Mobile, which was launched on November 16, 2013, and digital terrestrial television service ABS-CBN TV Plus, launched on February 11, 2015.

History

On January 27, 2012, Bayan Telecommunications (BayanTel) signed an asset purchase agreement with ABS-C to hand over BayanTel's wireless landline service and its related assets to the latter, which was completed on February 1. The handover includes the telco company's required licenses, interconnection trunks, subscribers and employees.[2] This agreement is executed after BayanTel's acquisition by Globe Telecom through the acquisition of 96.17% of the company's debt.[3] The company later informed the National Telecommunications Commission that they will terminate this service in March 10, 2014 for reasons of costly maintenance. The subscribers of ABS-C's wireless landline service was migrated to ABS-CBN Mobile after the service shut down.[4]

On May 28, 2013, ABS-C signed a network-sharing agreement with Globe to create a new mobile telephony brand ABS-CBN Mobile, expected to begin by the end of 2013. ABS-CBN Mobile will create its own prepaid and postpaid voice, SMS, and mobile broadband services while sharing servers, towers, and switches with Globe. Parent ABS-CBN Corporation will inject ₱2-3 billion to subsidiary ABS-C to build and expand the telco service for the next 2 years.[5]

The National Telecommunications Commission approved the deal on June 8, 2013.[6] The mobile service is supposed to launched on early September but it was postponed due to operational issues.[7] ABS-CBN Mobile was instead launched on November 16, 2013 for the benefit of the survivors of Typhoon Haiyan.

With the National Telecommunications Commission issuing the implementing rules and regulations for the country's shift to digital television on December 18, 2014,[8] ABS-CBN Corporation officially launches ABS-CBN TVplus on February 11, 2015 by a ceremonial switch-on at the ABS-CBN Broadcasting Center.[9][10] It is a set-top box that uses the Japanese ISDB-T standard to detect digital terrestrial (free TV) signals with 5 specialty digital television channels.

References

  1. ^ P. Valdueza, Rolando (April 15, 2016). (ABS-CBN) SEC FORM 17-A. Philippine Stock Exchange (Report). p. 11.
  2. ^ "ABS-CBN Corporation - SEC Form 17-Q 2Q13 Quarterly Report" (PDF) (Press release). 14 August 2013.
  3. ^ "Ayala's Globe Completes Take-Over of Lopez's BayanTel".
  4. ^ "ABS-CBN telecom arm to terminate wireless landline service".
  5. ^ Montecillo, Paolo (28 May 2013). "ABS-CBN forays into telco business". Philippine Daily Inquirer.
  6. ^ NTC okays Globe–ABS-CBN network sharing agreement
  7. ^ Amolejar, Darwin (20 October 2013). "ABS-CBN unlikely to launch mobile phone service this year". InterAksyon.
  8. ^ All systems go for digital TV retrieved December 19, 2014
  9. ^ ABS-CBN launches digital TV retrieved April 6, 2015
  10. ^ Why ABS-CBN TVplus is future of Philippine TV retrieved April 6, 2015
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