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Cignal, Meralco subsidiary launch new broadband service

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ABS-CBN News

<p>MANILA - Cignal TV and Radius Telecoms, a subsidiary of Manila Electric Company, announced on Tuesday that they are forming a new pay TV and home internet service called RED Broadband. </p><p>Radius Telecoms is a wholly-owned subsidiary of Meralco, which is part of Manny Pangilinan-led Metro Pacific Investments Corp. </p><p>Cignal is a wholly-owned subsidiary of MediaQuest Holdings under the PLDT Beneficial Trust Fund, which is also part of the Pangilinan conglomerate.</p><p>Radius and Cignal said RED Broadband is offering to consumers unlimited fiber internet and pay TV starting at P1299 per month. </p><p>The new service competes directly with Sky which also provides pay TV and home broadband services. </p><p>Earlier this month, Pangilinan said he had dropped his <a href="https://news.abs-cbn.com/business/11/05/20/manny-pangilinan-withdraws-bid-for-skycable-citing-regulatory-risks">unsolicited bid</a> to acquire Sky amid worries that antitrust regulators may review the deal.</p><p>Sky and ABS-CBN are both part of the Lopez Group of Companies. </p><div><em><a href="http://news.abs-cbn.com">news.abs-cbn.com</a> is the official news website of ABS-CBN Corp. </em></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/xXgIH7kD9iI?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Cignal TV and Radius Telecoms, a subsidiary of Manila Electric Company, announced on Tuesday that they are forming a new pay TV and home internet service called RED Broadband. </p>

Cignal TV and Radius Telecoms, a subsidiary of Manila Electric Company, announced on Tuesday that they are forming a new pay TV and home internet service called RED Broadband.