Wednesday, March 30, 2011

PLDT Buys 51.5% Of Sun Cellular!

Mr. Gokongwei (2nd from left), what have you done?
This piece of news shocked my morning. Manny Pangilinan's PLDT has just bought majority shares on John Gokongwei's Sun Cellular worth Php 69.2 billion. Don't worry though because Sun Cellular will still be alive. The change, however will be seen on Digitel, Gokongwei's landline telephone arm.

My miniscule business instincts told me to think of this piece of news as an example of monopoly from MVP (Meralco, anyone?). But no, I've read from newspapers that John Gokongwei is one of the smartest taipans (asian tycoons). And for sure, this development will help blossom (pump prime?) JG Summit's other business interests.

Honestly, I'm not really sure if this is a positive or a negative news. I will still have to read from the columns of my favorite business writers and watch my favorite business shows (all on ANC - haha!) to help me formulate what my opinion really is about this matter.

But for sure, this is one heck of a major business news here in the Philippines.

3 Responses to “PLDT Buys 51.5% Of Sun Cellular!”

Raft3r said...
April 2, 2011 at 12:32 PM

tapos na ang maliligayang araw ng mga sun subscribers
hehe


babusaul said...
April 2, 2011 at 10:22 PM

Keep posting stuff like this i really like it

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jidipier said...
April 6, 2011 at 1:21 AM

Hmm, that?s some cool information. I would search on Google to find other relevant articles. Actually, I came across your blog on Google Blog Search. I?m going to add your RSS feed to my reader. Continue posting please!

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