The group of PLDT Inc. said on Friday it is open to revive its bid to invest in GMA Network Inc.
“We don’t know yet, we intend to focus on looking at our 2017, 2018 and 2019 numbers. So anyway, if there’s any discussions this will be 2017. [But] we are always open, a lot would be depend on how our numbers would like for 2017, 2018 and 2019,” PLDT chairman and chief executive Manual Pangilinan told reporters Friday.
“I’m quite optimistic that 2017 will show improvement over 2016,” he added.
PLDT, partly owned by Hong Kong’s First Pacific Co. Ltd. of the Salim Group of Indonesia and Japan’s NTT group, earlier booked a net income of P15.87 billion in the first nine months, down 37 percent from P25.34 billion year-on-year.
Pangilinan had described the financial result “annus horribilis,” or a horrible year.
GMA chairman and chief executive Felipe Gozon earlier said he was open to entertain suitors by next year for the sale of a majority stake in the broadcasting network.
The Gozon, Jimenez and Duavit families own a combined 79 percent of the network, which airs on Channel 7 on free TV, while QTV is co-owned by ZOE Broadcasting Network
Majority shareholders of the broadcaster earlier agreed to sell about 30 percent of the company to businessman Ramon Ang of San Miguel Corp., but the negotiations were scuttled after more than one year of talks. Talks with the group of Philippine Long Distance Telephone Co. also did not push through due to price and regulatory issues.
Ang earlier accused the owners of GMA of abruptly terminating the plan to sell a minority stake in the broadcast company while talks were ongoing, after the network blamed him for the failed negotiations.
GMA Network vice president for corporate communications Angela Javier Cruz said the Jimenez, Duavit and Gozon groups had not abruptly terminated the negotiations.
Cruz said the owners of the network were constrained to terminate the negotiations after more than one year of negotiations.
GMA earlier reported a net income of P3.11 billion in the January-to-September period, up 72 percent from P1.80 billion year-on-year.
GMA’s consolidated revenues amounted to P12.80 billion, up 24 percent over the same period last year, buoyed by the windfall from the recently concluded national and local elections and supplemented by the improvement in sales from recurring placements.
“We don’t know yet, we intend to focus on looking at our 2017, 2018 and 2019 numbers. So anyway, if there’s any discussions this will be 2017. [But] we are always open, a lot would be depend on how our numbers would like for 2017, 2018 and 2019,” PLDT chairman and chief executive Manual Pangilinan told reporters Friday.
“I’m quite optimistic that 2017 will show improvement over 2016,” he added.
PLDT, partly owned by Hong Kong’s First Pacific Co. Ltd. of the Salim Group of Indonesia and Japan’s NTT group, earlier booked a net income of P15.87 billion in the first nine months, down 37 percent from P25.34 billion year-on-year.
Pangilinan had described the financial result “annus horribilis,” or a horrible year.
GMA chairman and chief executive Felipe Gozon earlier said he was open to entertain suitors by next year for the sale of a majority stake in the broadcasting network.
The Gozon, Jimenez and Duavit families own a combined 79 percent of the network, which airs on Channel 7 on free TV, while QTV is co-owned by ZOE Broadcasting Network
Majority shareholders of the broadcaster earlier agreed to sell about 30 percent of the company to businessman Ramon Ang of San Miguel Corp., but the negotiations were scuttled after more than one year of talks. Talks with the group of Philippine Long Distance Telephone Co. also did not push through due to price and regulatory issues.
Ang earlier accused the owners of GMA of abruptly terminating the plan to sell a minority stake in the broadcast company while talks were ongoing, after the network blamed him for the failed negotiations.
GMA Network vice president for corporate communications Angela Javier Cruz said the Jimenez, Duavit and Gozon groups had not abruptly terminated the negotiations.
Cruz said the owners of the network were constrained to terminate the negotiations after more than one year of negotiations.
GMA earlier reported a net income of P3.11 billion in the January-to-September period, up 72 percent from P1.80 billion year-on-year.
GMA’s consolidated revenues amounted to P12.80 billion, up 24 percent over the same period last year, buoyed by the windfall from the recently concluded national and local elections and supplemented by the improvement in sales from recurring placements.
No comments:
Post a Comment