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.

ERC to look into complaints of overcharging by power firms

Numerous complaints on increasing electricity rates have prompted the Energy Regulatory Commission (ERC) to launch an investigation on the accuracy and reasonableness of the generation rates being passed on by distribution utilities (DUs) to its consumers.