Global Cable
| Company type | Cable TV operator |
|---|---|
| Industry | Telecommunications |
| Founded | February 15, 1993 Merger entity: Global Destiny Cable TV February 1, 2003 |
| Defunct | November 11, 2012 |
| Headquarters | Metro Manila, Philippines |
| Products | Cable TV |
| Owner | First Global Conglomerates |
| Website | Home Page |
Global Cable was a cable company in the Philippines.
History
[edit]On February 1, 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 in May 1993. Consequently, Global Cable Inc was officially launched on February 15, 1993. was also allowed operate and maintain a CATV system in the municipality of San Juan and in the cities of Mandaluyong,[1] Makati, Pasay, Quezon City, Manila, Marikina,[2] Parañaque Pasig 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, 2003, 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 November 11, 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]
See also
[edit]References
[edit]- ^ Mandaluyong City Infrastructure Archived 2008-04-23 at the Wayback Machine, Mandaluyong City MIS
- ^ "Global Destiny Basketball League in Marikina". MarikinaNews. February 1, 2005. Archived from the original on January 3, 2009. Retrieved February 2, 2005.
- ^ Lectura, Lenie (December 25, 2007). "Global Destiny lacks proof it has money". BusinessMirror. Archived from the original on December 30, 2007. Retrieved December 25, 2007.
- ^ The Philippine Broadcast Equipment Market, March 2006[permanent dead link], CommerceCan
- ^ "Lopez buys out Sun Cable, prepares for SkyCable share sale". BusinessWorld. June 16, 2008. Retrieved June 16, 2008.[permanent dead link]
- ^ Timeline of Significant Events in Philippine Cyberage Archived April 13, 2016, at the Wayback Machine, Philippine Communication Centrum Foundation
- ^ Sky Cable acquires Destiny Cable, Solid Broadband Archived 2012-06-17 at the Wayback Machine
