Ok its a done deal now.. medyo late nga lang itong news But it seems San Miguel is bullish to enter the Mobile Services as well with the acquisition of Belltel. Hmm do we have a competitive competitor? or a lame competitor? (with their Wi-Tribe example hehehe) http://business.inquirer.net/money/tops ... es-BellTel San Miguel acquires BellTel Buys 75% of Puyat, Ortigas holding firms By Doris Dumlao Philippine Daily Inquirer First Posted 22:28:00 08/16/2010 Filed Under: business, Leveraged Buyouts, Mergers - Acquisitions - Takeovers SAN MIGUEL Corp. has acquired a second telecommunication platform, Bell Telecommunication Philippines Inc., to beef up its entry into the highly competitive wireless voice, data and video connectivity business. In a disclosure to the Philippine Stock Exchange yesterday, San Miguel said it has subscribed to shares of stock equivalent to 75 percent of three companies that collectively own 100 percent of BellTel. BellTel was owned by the Puyat-Reyes and Ortigas families through the three companies: Two Cassandra-CCI Conglomerates Inc., Perchpoint Holdings Corp. and Power Smart Capital Ltd., all of which agreed to sell a controlling stake to San Miguel’s wholly owned subsidiary Vega Telecom Inc. San Miguel and its foreign partner, Qatar Telecoms (Q-Tel), already own a controlling stake in Liberty Telecommunication Holdings Inc. and is also finalizing the acquisition of Express Telecommunications Co. Inquirer sources said San Miguel wanted BellTel because it had a 10-megahertz GSM (Global System for Mobile Communications) frequency contiguous to that of Extelcom’s. On the other hand, Liberty has broadband wireless access but has no GSM capability. Under the plan, San Miguel and Q-Tel will create and jointly manage a new holding company for all three telecom interests. BellTel, which began commercial operations in 2002, offers an integrated package of services, including local and long distance telephony, high speed data connectivity, Internet, cable TV, and videoconferencing. It has various licenses that include local exchange carrier (LEC), international gateway facility (IGF), inter-exchange carrier (IXC), very small aperture terminal (VSAT), and Internet service provider (ISP). It also operates a domestic C-band satellite hub providing connectivity for customers in remote sites not yet covered by its wireless networks. It is authorized to provide the full range of services throughout the Philippines. Despite a relatively mature telecom market in the Philippines, the San Miguel-Q-Tel group is seen escalating competition in both voice and broadband/high-speed Internet connectivity businesses.