• Bayantel optimistic on change

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    Bayan Telecommunications Inc. (Bayantel) is confident that the National Telecommunications Commission will allow Globe Telecom to convert its loan to equity to complete its rehabilitation.

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    Globe will be the majority owner of Bayantel. Globe and Bayantel have jointly filed in 2013 with the NTC a petition asking to approve its debt-to-equity transaction which both firms entered into when the former acquired a sizable portion of the latter’s debt from its creditors.

    The Bayantel COO further said the approval of the NTC of the transaction will strengthen Bayantel’s company’s position as a viable player in the rapidly evolving telecommunications industry, making the environment more competitive in the process.

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