SMC finds new way to strengthen grip on Express Telecom stake

San Miguel Corp. (SMC) may buy out Trans Digital Excel Inc. (TDE), the creditor-turned-shareholder of Express Telecommunications Co. (Express Telecom), to gain majority control of the cellular firm.

The lawyer of TDE, in an interview yesterday, said this is the possible scenario and the most logical way to fortify the conglomerate’s grip in the cellular firm.

“Yes, possibly through Trans Digital in order for SMC to gain entry into Express Telecom. As far as everyone knows, SMC won’t settle for less. They will go for the controlling stake and TDE is now the major shareholder of Express Telecom,” said Plaridel J. Bohol II, legal counsel for Trans Digital.

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