(UPDATE) PLDT Inc.'s planned purchase of ABS-CBN Corp.'s Sky Cable will no longer push through, both firms announced on Thursday. The P6.75-billion deal, the latest attempt by businessman Manuel ...

Worse, Sky Cable owes P4.53 billion to lenders, and it is scheduled to repay several obligations within the year. Sky Cable squandered the right to offer direct-to-home services when ABS-CBN ...