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Ayala-led Globe Telecom Inc. turned the table on dominant carrier Philippine Long Distance Telephone Co. (PLDT) saying the proposed acquisition of cash-strapped Bayan Telecommunications Inc. is legal.

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‘Globe takeover of Bayantel legal, above board’

By Lawrence Agcaoili | November 15, 2013 - 12:00am

Ayala-led Globe Telecom Inc. turned the table on dominant carrier Philippine Long Distance Telephone Co. (PLDT) saying the proposed acquisition of cash-strapped Bayan Telecommunications Inc. is legal.

Business