Transport & Communications
MPTC units acquiring a third of JTT for $1B
Metro Pacific Tollways Corp. (MPTC) subsidiaries PT Margautama Nusantara (MUN) and PT Metro Pacific Tollways Indonesia Services (MPTIS) in partnership with the sovereign wealth fund GIC are acquiring a 35 percent stake worth USD 1 billion in Jasamarga Transjawa Tol (JTT), a subsidiary of the Indonesian toll road operator PT Jasa Marga (Persero) Tbk (Jasa Marga).
Globe completes latest round of telco towers sale to Frontier Towers
Globe Telecom on Monday bared the transfer of 187 cell towers to Frontier Towers worth P2.38 billion.
3G pioneer Nokia helping PLDT Enterprise boost its 5G network services
Nokia, the Espoo, Finland-headquartered communications and information technology firm who pioneered the 3G broadcast standard, on Monday committed in joint venture with PLDT Enterprise to provide 5G private wireless network solutions to businesses in the Philippines.
Globe Telecom projects positive cash flow in two years
Globe Telecom over the weekend projected reverting to positive cash flow by 2025 as it optimizes spending in line with strategic cuts in capital expenditure.
Pinoy travelers to Japan up 20% in only three months
Cebu Pacific (CEB) reported flying nearly 110,000 passengers to Japan in only the first three months this year, exceeding the pre-pandemic level by 20 percent and nearly double the figure from the same period last year.
