Destiny Cable

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Destiny Cable
Type Cable TV operator
Industry Telecommunications
Founded January 1995 as Destiny Cable
Merger entity: Global Destiny Cable (2003-2012)
Headquarters 33rd floor East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City, Philippines
Products Cable TV
High-Speed Broadband Internet
I-Cafe Boss
High-Rise Solution sDSL
Web Development
Open Access Service
Wi-Fi Service
VoIP
Referral System
DOGZ Online Gaming
Owner(s) Sky Cable Corporation
Website Home Page

Destiny Cable is a direct-to-home cable TV subscription service. Destiny Cable is the 2nd largest cable TV company in the Philippines.[1] It is owned by Sky Cable Corporation

History[edit]

In January 1995,[2] the Philippines’ commission attached to the Department of Transportation and Communications, the National Telecommunications Commission (NTC) granted a certificate of public convenience and necessity/provisional authority to install, operate and maintain telecommunications, broadcast and cable antenna television services to Destiny Cable Inc. and allowed to provide cable television services to Metro Manila and nearby municipalities, cities and provinces.

Destiny Cable Inc. embarked on marketing promotion through Solid Group Inc.[3] by offering bundled services.

Global Cable[edit]

Main article: Global Cable

Merger with Global Cable[edit]

On November 17, 2000, however, Global Cable, Inc. (GCI) and Destiny Cable, Inc. (DCI) announced that both companies had entered an agreement on merging the television operations of the two companies, of which operates the cable providers; Global Cable and Destiny Cable.

In November 2000 Destiny Cable formed a partnership[4][5] with Global Cable to further strengthen and systematize its cable television ventures. However, it was only on late 2003 that the corporate name was changed to Global Destiny Cable.

Global Destiny Cable.JPG

Global Destiny Cable is perceived to be the closest competitor of SkyCable the Philippines' largest cable TV company[6] in Metro Manila. Both have their own associates all over the country and both offer high-speed cable Internet service[7] to its respective subscribers.

Sale to SkyCable[edit]

On May 2, 2012, Sky Cable Corporation eventually acquired the assets of Global Destiny Cable through its parent, Destiny Cable, Inc. at the cost of P3.5 billion in order to improve services to customers of Destiny Cable, UniCable and MyDestiny broadband Internet.[8]

Global Destiny Cable has been reverted to Destiny Cable after separation with Global Cable.

On November 15, 2012 Destiny Cable headquarters moved from Solid House Building in Makati City to SkyCable's headquarters in Pasig City.

The NTC approved Sky's acquisition on December 18, 2012.

Areas Served[edit]

References[edit]

  1. ^ Destiny/About-Us.htm Global Destiny History
  2. ^ Hebrona Jr., Alfredo P. (November 17, 1999). "Q&A With The Cable Guy". BusinessWorld Online. Retrieved November 17. 
  3. ^ "Business in Asia Today". Asiatimes Online. April 1, 2000. Retrieved April 1. 
  4. ^ Lectura, Lenie (December 25, 2007). "Global Destiny lacks proof it has money". BusinessMirror. Retrieved 2007-12-25. [dead link]
  5. ^ The Philippine Broadcast Equipment Market, March 2006, CommerceCan
  6. ^ BusinessWorld, Online (June 16, 2008). "Lopez buys out Sun Cable, prepares for SkyCable share sale". BusinessWorld: I.T. Matters. Retrieved June 16. 
  7. ^ Timeline of Significant Events in Philippine Cyberage, Philippine Communication Centrum Foundation
  8. ^ Sky Cable acquires Destiny Cable, Solid Broadband

External links[edit]