Manny Pangilinan on the possible TV5-GMA Network merger: "Within the year, we should have to reach an agreement"

InterAksyon.com reports that on Thursday, June 14, in the "sidelines" of the Philippine Long Distance Telephone (PLDT) Co. stockholders’ meeting, PLDT chairman and TV5 boss Manuel V. Pangilinan said that discussions for the acquisition of a stake in GMA Network Inc. are "moving positively."

InterAksyon.com reports that on Thursday, June 14, in the "sidelines" of the Philippine Long Distance Telephone (PLDT) Co. stockholders’ meeting, PLDT chairman and TV5 boss Manuel V. Pangilinan said that discussions for the acquisition of a stake in GMA Network Inc. are "moving positively."

 

The report further quoted Pangilinan, who said, "There’s a desire on both parties to come to terms. Within the year, we should have to reach an agreement."

 

For more on this story, log on to InterAksyon.com.

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