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                    [Title] => Broadband Philippines gets P1-B loan
                    [Summary] => Internet Broadband Philippines has acquired a P1-billion loan from the Export Development Corp. of Canada (EDCC) to fund its nationwide rollout program.


The six-year loan, packaged by the Bank of the Philippine Islands, complements the recent capital infusion into Broadband by Next Century Partners (NCP) an affiliate concern of billionaire George Soros which pumped in P3.2 billion or  more than $60 million into local Internet firm Broadband Philippines, acquiring an 18-percent stake in the company.


                    [DatePublished] => 2001-02-22 00:00:00
                    [ColumnID] => 133272
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EDWARD BASS GROUP

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                    [ArticleID] => 96204
                    [Title] => Broadband Philippines gets P1-B loan
                    [Summary] => Internet Broadband Philippines has acquired a P1-billion loan from the Export Development Corp. of Canada (EDCC) to fund its nationwide rollout program.


The six-year loan, packaged by the Bank of the Philippine Islands, complements the recent capital infusion into Broadband by Next Century Partners (NCP) an affiliate concern of billionaire George Soros which pumped in P3.2 billion or  more than $60 million into local Internet firm Broadband Philippines, acquiring an 18-percent stake in the company.


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abtest

Broadband Philippines gets P1-B loan

February 22, 2001 - 12:00am

Internet Broadband Philippines has acquired a P1-billion loan from the Export Development Corp. of Canada (EDCC) to fund its nationwide rollout program. The six-year loan, packaged by the Bank of the Philippine...

Business