Beacon Electric Asset Holdings - updates

Rappler's latest stories on Beacon Electric Asset Holdings

ARTICLE FINDER

Fitch upgrades PLDT outlook amid improved finances

Aug 31, 2017 - 9:20 PM

The telco s long term local currency issuer default rating LC IDR outlook is raised to stable from negative – a sign of improving financial performance

UPGRADED. The telecommunications giant’s long-term foreign currency issuer default ratings (LC IDR) outlook was raised to stable from negative, Fitch says. This signals continued improvement in its financial performance. Rappler file image

Beacon divestment lifts PLDT's core income to over P12B

Aug 10, 2017 - 1:44 PM

UPDATED PLDT s core income for the 2nd quarter of 2017 increases to P12 1 billion from P10 5 billion in the same period a year ago

PLDT sells remaining stake in Beacon to MPIC

Jun 14, 2017 - 1:30 PM

Metro Pacific Investments Corporation the sister company of PLDT buys the telco s remaining stake in Beacon for P21 8 billion

FINANCIALLY SATISFYING. 'The divestment of our Beacon investment will help the PLDT group focus on the key priorities in its core businesses. While the investment is now viewed as no longer strategic, it has nonetheless been a very financially satisfying one,' PLDT Chairman Manuel Pangilinan says. Photo by Martin San Diego/Rappler

George Ty and MVP transaction is best deal of 2016 – IHAP

Mar 19, 2017 - 10:00 AM

The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex

BEST DEAL. George Ty's GT Capital Holdings acquired 15% of Manuel V. Pangilinan's Metro Pacific Investment Corporation in 2016.

MVP: PLDT expects lower income for 'horrible' 2016

Nov 14, 2016 - 5:25 PM

It s an annus horribilis horrible year Hopefully 2017 will be annus mirabilis wonderful year PLDT chairman Manuel V Pangilinan says after announcing the company s latest financial performance

'A HORRIBLE YEAR.' By the third quarter, Pangilinan says PLDT lost 3 million wireless subscribers to 65 million from the 68 million recorded in the second quarter mainly on competition. Rappler file photo

PLDT's income drops by 33% on Rocket Internet losses

Aug 02, 2016 - 5:00 PM

To compensate its increased spending PLDT cuts its dividend payout to 60 of core income from 75

IMPAIRMENT LOSSES. Despite the disappointing performance of Rocket Internet, PLDT chief Manuel Pangilinan says his telco will hold on to the investment. Photos by Chrisee Dela Paz/Rappler

Metro Pacific buys additional 25% interest in Beacon from PLDT

May 30, 2016 - 4:45 PM

Through this deal Metro Pacific will increase its direct and indirect economic interest in Meralco to 41 making it the single largest source of cash generation for the conglomerate

BETTER CASH FLOW. In undertaking this investment, Metro Pacific President and CEO Jose Ma Lim says the firm has enhanced its overall cash flow and growth prospects. Photo by Chrisee Dela Paz/Rappler

First Pacific group acquires 56% stake in Global Business Power

May 27, 2016 - 8:23 PM

MPIC says it will use excess cash to raise equity stake in Meralco through buying more Beacon Electric shares from PLDT

MORE POWER INVESTMENTS. This new partnership with GT Capital strengthens the cash position of First Pacific, MPIC's Pangilinan (R) says. In the photo are MPIC's Jose Ma Lim (C) and David Nicol (R). Photos by Chrisee Dela Paz/Rappler