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Following Globe Telecom’s tender offer for Bayan's debt in 2012, Globe Telecom held 96.5% of the total debt of Bayan at the end of that year. As proposed, restructuring would decrease the outstanding principal debt of Bayan from US$423.3 million to US$131.3 million, through the conversion of up to 69% of Bayan debt into Bayan shares.
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines.The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks.
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TM was launched on September 12, 2001, as Touch Mobile, initially catering to the middle income market, and has since covered lower-income groups as well, making it Globe's value brand offering. [ 1 ] [ 2 ] [ 3 ] The service has gained popularity for its discounted call and messaging services, with the "All Network" offers allowing TM ...
In 2015, PLDT increased lock-in period for TD-LTE connection plans from 24 to 36 months (3 years) with the pre-termination fee equal to the full balance for the remaining period. Unless the subscriber explicitly manifests otherwise (i.e. don't want to be locked-in again) in writing 30 days prior to end of a contract, the lock-in period is ...
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Mynt is a joint venture between Ant Group, an affiliate company of the Alibaba Group who operates Alipay, the world's leading mobile and online payments platform; Ayala Corporation, one of the Philippines' largest and oldest business conglomerates; and telco giant Globe Telecom, through its corporate venture builder, 917Ventures.
[1] It is a joint project of Philippine Internet Service Providers (ISPs) to interconnect through a common backbone or Internet Exchange Point (IX) for efficient infrastructure. As of 2010 it was interconnecting eight (8) ISPs namely: Pacific Internet, Tridel, Evoserve, WorldTel, Moscom, IPhil, Infocom and Virtualink. G-Net, Globe Telecom’s ...