Global Cable

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Global Cable
Type Cable TV operator
Industry Telecommunications
Founded February 1993
Merger entity:
Global Destiny Cable TV, 2003
Headquarters Metro Manila, Philippines
Products Cable TV
Owner(s) First Global Conglomerates
Website Home Page

Global Cable is a cable company in the Philippines.

History[edit]

On February 3, 1993, Global Cable Inc. was given a provisional authority to provide cable television services. The National Telecommunications Commission granted Global Cable Inc a certificate authority to construct, install, maintain and operate a Cable Antenna Television (CATV) System in San Pedro, Laguna on May 1993. Consequently, Global Cable Inc. was also allowed operate and maintain a CATV system in the municipality of San Juan and in the cities of Mandaluyong,[1] Makati, Pasay, Manila, Marikina,[2] Parañaque and Muntinlupa.

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[3][4] with Global Cable to further strengthen and systematize its cable television ventures. However, it was only on February 1, 2001 that the corporate name was changed to Global Destiny Cable.

Global Destiny Cable is perceived to be the closest competitor of SkyCable the Philippines' largest cable TV company[5] in Metro Manila. Both have their own associates all over the country and both offer high-speed cable Internet service[6] 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.[7]

References[edit]

  1. ^ Mandaluyong City Infrastructure, Mandaluyong City MIS
  2. ^ PIO, Marikina (February 1, 2005). "Global Destiny Basketball League in Marikina". MarikinaNews. Retrieved February 2. 
  3. ^ Lectura, Lenie (December 25, 2007). "Global Destiny lacks proof it has money". BusinessMirror. Retrieved 2007-12-25. [dead link]
  4. ^ The Philippine Broadcast Equipment Market, March 2006, CommerceCan
  5. ^ BusinessWorld, Online (June 16, 2008). "Lopez buys out Sun Cable, prepares for SkyCable share sale". BusinessWorld: I.T. Matters. Retrieved June 16. 
  6. ^ Timeline of Significant Events in Philippine Cyberage, Philippine Communication Centrum Foundation
  7. ^ Sky Cable acquires Destiny Cable, Solid Broadband

See also[edit]