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| | LOPEZ SKY CABLE TO ACQUIRE DESTINY (Site not responding. Last check: ) |
 | | The STAR learned yesterday that Lopez-owned SkyCable has made a definitive offer to acquire Destiny Cable from current owner, businesswoman Elena Lim, and, according to sources, the discussions are now centered on pricing. |
 | | If SkyCable succeeds in acquiring both Home Cable, the second biggest cable TV company in the country, and Destiny Cable, the Lopez subsidiary will end up controlling at least 90 percent of the cable television business in the Philippines. |
 | | SkyCable and Home Cable, which have a combined market share of around 70 percent, earlier created a holding company, Beyond Cable to consolidate the interests of the Lopez group and the PLDT group in their respective cable TV companies. |
| www.newsflash.org /2003/03/be/be002385.htm (421 words) |
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