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MVP accuses Globe, ABS-CBN of copying PLDT/TV5 strategy

Rappler.com

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STRATEGY. PLDT chairman Manuel V. Pangilinan discusses the business strategy for this telecommunications at a briefing announcing the group's 3rd quarter financial results on November 6, 2012. Photo by Katherine Visconti.
CEO Manny Pangilinan says rivals at ABS-CBN and Globe Telecom may be taking a page out of his playbook by pursuing a convergence strategy that pairs television content with a telco infrastructure similar to what his two companies TV5 and PLDT are engaged in. At a recent stockholder’s meeting Pangilinan said that traditional telcos no longer make business sense in the changing digital world. Last month Globe CEO Ernest Cu admitted to regular meetings with ABS-CBN’s Gabby Lopez to discuss potential business strategies. Pangilinan admits the budding partnership between his business rivals could increase competitive tension but he is prepared to, “deal with it.”


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