PT&T to sell Starlink connectivity through partnership with AUS company
PT&T [PTT suspended] released a statement [link] that it will sell Starlink satellite connectivity services in the Philippines through a partnership with an Australian virtual networking company called NetLinkz.
Starlink is the service that was developed by Elon Musk’s SpaceX that provides broadband-level internet connectivity by way of low Earth orbit satellites.
PTT is owned by Buddy Zamora and led by its President and CEO, James Velasquez.
PTT is registered with the PSE, but has been suspended from trading for longer than some PSE traders have been alive due to a variety of reasons arising out of PTT’s failure to submit timely financial reports.
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The statement said that we have “various purchasing options available” for getting the Starlink kit, “including direct purchase from [PTT]”, so it’s not clear from this statement if PTT got exclusive rights to Starlink in the Philippines.
By the tone of the statement and the fact that it would almost certainly have included “exclusive” somewhere in the opening sentence if there was exclusivity, I’m going to assume for now that this is just a distribution deal that did not come with the moat of exclusivity.
PTT is something of a legacy mess for the PSE, so even if that information were known, it’s hard to tell how investors could use that information since the stock is still suspended, as it has been since 2004.
That's not a typo.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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