Cable TV firms seek regulatory approval to merge

Challenging economic conditions has forced several cable television stations in Southern Metro Manila to merge, in a bid to streamline operations and cut costs.

In a filing with the National Telecommunications Commission (NTC), cable TV stations from Las Piñas, Parañaque, Muntinlupa, Pasay and Taguig in Metro Manila, and Imus and Bacoor in Cavite province — all units of Cablelink and Holdings Corp. — sought the merger, with their parent as the surviving entity.

“For the purposes of efficiency, economy, simplified management and operations, the petitioners deemed it best to merge all corporations into a single entity,” the companies yesterday said in a petition. The cable firms sought regulatory approval to transfer the operations, maintenance, as well as certificates and related rights and permits to Cablelink.

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