Deals
Globe Seeks to Ally With Lopez’s ABS-CBN to Tap Content
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Globe Telecom Inc. may collaborate with Lopez Holdings Corp.’s broadcasting unit ABS-CBN Corp. as the Philippines’ second-largest mobile-phone company seeks to add media content to boost wireless usage by its subscribers.
Globe and Lopez are in talks to cooperate and maximize profit, President Ernest Cu said in an interview at his office in Manila on Nov. 9. “We’re looking at other avenues to partner” including Globe’s plans to seek control of Lopez unit Bayan Telecommunications Inc., he said.