ABS-CBN taps Globe for content

ABS-CBN Convergence Inc., a subsidiary of ABS-CBN Corp., sealed a P2-billion to P3-billion partnership with Globe Telecom to expand its telecommunication business via network sharing agreement to deliver content and offer telecommunications services on mobile devices.

“The way to think about it, its just like Smart [Inc.] and Globe [Telecom], except [that] its ABS-CBN mobile, most subscribers won’t even know that it’s a deal with Globe. Because it will be a new brand in the market, in a sense we’re a third player,” said Eugenio Lopez 3rd, chairman of ABS-CBN Corp.