Sky Cable purchase to boost PLDT growth

PLDT Inc.’s 2024 prospects will likely receive a boost from steady growth of its core businesses and the anticipated earnings contribution from its acquisition of broadband company Sky Cable Corp., Maybank Investment Banking Group said.

The buyout of the Lopez-owned Sky Cable’s broadband business and related assets is expected to add up to 350,000 subscribers to the Pangilinan-led telco, Maybank said in a report.