SUMMARY
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The Ayala and Lopez groups have sealed their telco and media deal, marking the second big-ticket deal that involves the convergence of content and distribution businesses in the country. The network sharing agreement between the units of ABS-CBN and Globe Telecom would pave the way for the Lopez-led media giant to deliver content and traditional mobile services such as voice, SMS and data through the Ayala-led telco’s infrastructure. With ABS-CBN and Globe on one corner of the telco-media synergy landscape, and their rivals PLDT and TV5 on the other, GMA Network, the 2nd largest media group in the country that has failed to partner with a telco, is left in the cold.
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