Ernest Cu: Globe’s tie-up with ABS-CBN will continue despite Lopezes’ deal with TV5

Ayala-led Globe Telecom Inc. said its partnership with ABS-CBN Corp. would continue despite the Lopez family’s joint venture agreement with Mediaquest Holdings’ TV5.

“The investment of ABS-CBN in TV5 should have no effect on Globe. We have our own partnership with them [ABS-CBN] and based on the conversation we had, that partnership will continue in developing content through the media entity, Kroma,” said Ernest Cu, president and CEO of Globe.

Globe through Kroma and ABS-CBN launched PIE or Pinoy Integrated Entertainment, which allows viewers to watch TV shows across multiple screens including TV sets, laptops, desktops and mobile devices.

“My understanding at least from reassurances they made that hey are very committed to ensure that the new concept is truly very different from that of free TV,” he said.

Cu also said CIgnal’s acquisition of a significant stake in SkyCable would have no impact on Globe’s market.

“SkyCable has a very limited number of broadband subscribers. I don’t think it will change the dynamics,” he added.

Yuchengcos build new solar power plant in Bohol

PetroGreen Energy Corp., the renewable energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), launched its planned 27 megawatts of direct current (MWDC) Dagohoy solar power project (DSPP) in a 22-hectare site in Bohol.

Yuchengcos build new solar power plant in Bohol

PetroGreen Energy Corp., the renewable energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), launched its planned 27 megawatts of direct current (MWDC) Dagohoy solar power project (DSPP) in a 22-hectare site in Bohol.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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