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Globe, PLDT buy San Miguel telecom assets for PHP 70 billion
San Miguel has agreed to sell its telecom assets to Philippines operators Globe Telecom and PLDT. Each company bought half of Vega Telecom (VTI), half of Bow Arken (BAHC) and half of Brightshare (BHC) for PHP 26.4 billion (USD 1.5 billion ) in cash.
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