PLDT-SKY Acquisition Deal called off

SKY Cable subscribers who are experiencing sleepless nights over the imminent closure can rest easily because news recently broke out that ABS-CBN and PLDT have jointly decided to call off the PLDT-SKY acquisition deal.

SKY CABLE

In a statement released by SKY Cable. the ABS-CBN Corporation and PLDT have jointly decided not to proceed with the sale of SKY to PLDT under the Sale and Purchase Agreement signed by both parties in March of last year.

As a result of calling off the controversial acquisition deal, SKY Cable operations will continue beyond the February 26 deadline, assuring its subscribers that they can maintain their subscriptions while its broadband internet service, SKY Fiber, remains intact.

Thank the TV gods for keeping solid SKY Cable subscribers safe as well as the employees who worked hard to bring "The Biggest Show On Air" to the masses.