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NTC APPROVES GLOBE AND BAYANTEL JOINT APPLICATION

Globe acquires 54% majority shareholder in Bayantel

 

 If you were experiencing poor signal subscription services in the past from your Bayantel-hosted landline or broadband connections, listen to this. Those days will soon be over now that the National Telecommunications Commission (NTC) approved the green light for the conversion of Lopez-owned Bayan Telecommunication‘s debt-to-equity to Globe Telecom. “The company (Bayan) can now concentrate on delivering better service to its customers,” said Salvador Tirona, president and CEO, Lopez Holdings. Records show that Bayan has been under a court-assisted corporate rehabilitation for nearly 23 years. In August 2013, “the regional trial court Branch 158 in Pasig City confirmed the amendment […]