Kalpana Kalpana (Editor)

Vega Telecom

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Type
  
Subsidiary

Area served
  
Philippines

Industry
  
Telecommunications

Parent organizations
  
PLDT, Globe Telecom

Vega Telecom assetsrapplercom612F469A6EA84F6BAE882D2B94A4B42

Services
  
Fixed-Line Telephony Wireless Telephony Broadband Internet

Subsidiaries
  
Express Telecom, Trans Digital Excel, Inc

Vega Telecom Inc. is a Filipino telecommunications company. 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.

Subsidiaries

  • Bell Telecommunications Philippines, Inc.
  • Eastern Telecommunications Philippines, Inc.
  • Liberty Telecommunications Holdings, Inc. (PSE: LIB)
  • Express Telecommunication Company, Inc.
  • Hi-Frequency Telecommunications, Inc.

    • References

    Vega Telecom Wikipedia
    (Text) CC BY-SA