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Sky Cable Corporation

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Sky
Company typeSubsidiary
IndustryTelecommunications
FoundedJune 6, 1990; 34 years ago (1990-06-06)
Headquarters
6th Floor, ELJ Communications Center, Eugenio Lopez Drive, ABS-CBN Broadcasting Center, Diliman, Quezon City
,
Philippines
Area served
Nationwide
Key people
Antonio Ventosa (COO) [1]
ProductsDESTINY CABLE, HBO GO, SKYbiz, SKYbroadband, SKYcable, SKYdirect, SKYmobi, SKY ON DEMAND, SKY PPV, SKYzone
Servicescable television, broadband internet, digital cable television, direct-broadcast satellite television, mobile internet, pay per view, video on demand
RevenueIncreasePH₱7.764 billion (FY 2014)[2]
OwnerABS-CBN Corporation (57.4%)
Sky Vision Corporation (4.9%)[2]
Sampaquita Communications Pte., Ltd. (37%)
minorities (1%)
ParentABS-CBN Corporation
Websitewww.mysky.com.ph

Sky Cable Corporation (simply traded as Sky and stylized as SKY) is a Filipino telecommunications company and the country's largest cable television provider. It is a subsidiary of the media conglomerate ABS-CBN Corporation and is based in Quezon City. Sky operates in Mega Manila and provincially through its various subsidiaries.[3]

Sky was founded on June 6, 1990 as Central CATV, Inc. by Benpres Holdings Corporation (now Lopez Holdings Corporation). Today it expanded to offer digital cable television, direct-broadcast satellite television, broadband internet, mobile internet, pay per view, and video on demand services to its over 840 thousand subscribers nationwide, of which 700 thousand are cable television subscribers and the remaining 140 thousand are broadband internet subscribers.

History

On 6 June 1990, Sky Cable Corporation was incorporated as Central CATV, Inc.[4] On 25 March 1991, Sky Vision Corporation, a holding company incorporated with the primary purpose of buying and owning stocks of Central CATV, Inc. was founded.

On March 30, 1995, Central CATV Inc. was granted a 25-year provisional franchise to establish, construct, maintain and operate community antenna television system in the Philippines through Republic Act 7969.[5]

In 1997, Sky Vision Corporation acquired 47% of Pilipino Cable Corporation for 900 million pesos.[6] In 2001, Sky Cable and Philippine Long Distance Telephone Company's Home Cable entered into a master consolidation agreement to form the holding company Beyond Cable, Inc.[4] In April 2008, then ABS-CBN Broadcasting Corporation (now ABS-CBN Corporation), started consolidating the cable company’s fiscal result into its financial statement.[7]

In May 2011, Singapore-based firm Sampaquita Communications Pte., Ltd. acquired 40 percent of Sky Cable through Philippine Depositary Receipts (PDR) worth 3.612 billion and 250 million pesos of convertible notes to fund the expansion of Sky Cable’s broadband internet and cable television services.[8]

On 11 May 2012, Sky Cable acquired the assets of Destiny Cable (from Destiny Cable Inc.), UniCable (from Uni-Cable TV, Inc.) and MyDestiny broadband internet (from Solid Broadband Corporation) with consolidating value of 3.497 billion pesos.[9][10]

In 2013, SkyCable revenues increased by 18% to P6.99 billion from P5.94 billion. The growth in SkyCable revenues was partly attributable to the acquisition of Destiny Cable, Inc. Postpaid revenues grew by 16% and broadband revenues by 33%. SKY’s cable TV subscriber count improved by 10 percent as of the end of 2012 while SKYbroadband registered a 44 percent percent growth on its base versus the previous year.[11]

In 2013, Sky discontinued its voice over IP service and started offering bundled plans with ABS-CBNmobile postpaid service which includes a wireless landline connection, SMS, and voice.

According to news reports by Interaksyon and Manila Times, Sky is planning to enter the direct-to-home satellite market with an initial investment of 252 million pesos to roll-out direct broadcast satellite service across 251 cities and municipalities in the Philippines.[12][13] Despite the opposition from PLDT (Cignal) and other pay TV firms, NTC on a decision dated December 23, 2015, granted Sky a provisional authority to install, operate and maintain a direct broadcast satellite service in various cities and municipalities for a period of 18 months.[14]

Products and services

SKYcable

Main article: SkyCable

SKYcable is the flagship and the core service of SKY which operates cable television. It has around five hundred (500) thousand subscribers in Metro Manila, suburbs and key cities in the province which include Metro Cebu and Metro Davao. SKY is currently migrating its subscribers from analog to digital to improve its services and protect its contents from signal piracy. It is the first cable television provider in the country to offer local and foreign high-definition cable channels.

Destiny Cable

Main article: Destiny Cable

Destiny Cable (formerly Global Destiny Cable) is the only other cable television and broadband internet brand of SKY. It has around two hundred (200) thousand subscribers in Metro Manila and Metro Cebu. Its brand along with its assets was acquired by SKY from Destiny Cable, Inc. in 2012. The assets of UniCable was also consolidated in this brand after the acquisition of SKY from Uni-Cable TV, Inc. Destiny is also migrating its subscribers from analog to digital.

SKYbroadband

SKYbroadband is the broadband internet service brand of SKY launched in early 2011. The assets of MyDestiny broadband internet was consolidated in this brand after the acquisition of SKY from Solid Broadband Corporation. It has over one hundred (100) thousand subscribers and is currently the fastest growing segment of the company. In 2012, SKYbroadband became the first internet service provider in the country to offer residential ultra high-speed internet with a download speed of up to 200 Mbit/s in select residential areas in Metro Manila.

SKYdirect

Main article: Sky Direct

SKYdirect is the newest service brand of SKY. It offers direct-broadcast satellite television in the country. It boasts a nationwide coverage and exclusive HD and SD channels.

SKYbiz

SKYbiz is the enterprise service provider brand of SKY. It offers integrated services such as ultra high-speed broadband internet to small and medium scale businesses in the country.

Sky on demand

Main article: Sky on demand

Sky on demand is the over-the-top content provider brand of SKY. It offers TV everywhere service to SKYbroadband and SKYmobi subscribers. It allows users to watch live online streaming or on demand contents of SKY on any screen and devices.

SKYmobi

SKYmobi is the mobile internet service brand of SKY. It is powered by Globe Telecom in a nationwide basis. It offers an internet download speed of up to 16 Mbit/s using the SKYmobi pocket wifi with a 3 to 5 Gigabyte data cap per month.

HBO GO

Main article: HBO GO

HBO GO is the TV everywhere service brand of HBO. It is exclusively provided in the country by SKY.

Subsidiaries

Here is a list of assets owned by Sky Cable Corporation. Note that these are also recognized as an indirect subsidiary of the parent (ABS-CBN Corporation). All are wholly owned and operated unless otherwise indicated.

  • Bisaya Cable Television Network, Inc., through Telemondial Holdings, Inc.
  • Bright Moon Cable Networks, Inc.
  • Cavite Cable Corporation
  • Cebu Cable Television, Inc., 30% direct and 70% through Pacific CATV, Inc.
  • Cepsil Consultancy and Management Corporation
  • Davao Cableworld Network, Inc., through Pilipino Cable Corporation
  • Discovery Cable, Inc. (70%)
  • First Ilocandia CATV, Inc., 91.25% through Pilipino Cable Corporation
  • HM Cable Networks, Inc.
  • HM CATV, Inc.
  • Home-Lipa Cable, Inc. (60%)
  • Hotel Interactive Systems, Inc.
  • Isla Cable TV, Inc.
  • JMY Advantage Corporation (95%)
  • Mactan CATV Network, Inc., through Pacific CATV, Inc.
  • Moonsat Cable Television, Inc., 55% direct and 45% through Telemondial Holdings, Inc.
  • Pacific CATV, Inc. (91.52%) through Pilipino Cable Corporation
  • Pilipino Cable Corporation, 54.5% direct and 45.5% through Telemondial Holdings, Inc.
  • Satellite Cable TV, Inc.
  • Suburban Cable Network, Inc. (92.5%)
  • Sunvision Cable, Inc.
  • Sun Cable Holdings, Inc.
  • Sun Cable Systems, Inc., through Sun Cable Holdings, Inc.
  • Tarlac Television Network, Inc.
  • Telemondial Holdings, Inc.

References

  1. ^ http://corporate.abs-cbn.com/about-us/our-leadership
  2. ^ a b P. Valdueza, Rolando (April 24, 2015). 2014 Annual Report (17-A) (Report). Philippine Stock Exchange. Retrieved April 27, 2015. {{cite report}}: Italic or bold markup not allowed in: |publisher= (help)
  3. ^ "Cable". Lopez Holdings Corporation. 2008. Retrieved 2 June 2012.
  4. ^ a b "Sky Cable". Lopez Group. Retrieved 4 June 2012.
  5. ^ "REPUBLIC ACT NO. 7969 - AN ACT GRANTING THE CENTRAL CATV, INC. A FRANCHISE TO ESTABLISH, CONSTRUCT, MAINTAIN AND OPERATE FOR COMMERCIAL PURPOSES CABLE/COMMUNITY ANTENNAE TELEVISION SYSTEMS IN THE PHILIPPINES". chanrobles.com. Retrieved 6 June 2012.
  6. ^ Dela Pena, Zinnia. "Sky Vision buys Lorenzo stake in Pilipino Cable". The Philippine Star. Retrieved 4 June 2012.
  7. ^ "Shareholder's FAQ". Retrieved 4 June 2012.
  8. ^ Monticello, Paolo (5 December 2011). "Singaporean firm gets 40% of SkyCable". The Philippine Daily Inquirer. Retrieved 4 June 2012.
  9. ^ "Sky Cable buys Destiny Cable's assets". ABS-CBN News and Current Affairs. 11 May 2012. Retrieved 4 June 2012.
  10. ^ "SkyCable aims to grow market, signs 3 deals". ABS-CBN News and Current Affairs. 15 May 2012. Retrieved 4 June 2012.
  11. ^ "Lopez Holdings Corporation investments pushes for growth in the media business".
  12. ^ Lee, Cassandra (May 26, 2015). "ABS-CBN's Sky Cable venturing into satellite TV service". news5.
  13. ^ Periabras, Rosalie (July 5, 2015). "Pay TV market slow to grow, faces tough competition". Manila Times.
  14. ^ Amolejar, Darwin G. (10 January 2016). "SkyCable expanding to satellite television". The Standard. Retrieved 10 January 2016.
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