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                    [ArticleID] => 259713
                    [Title] => No IPO for Smart this year
                    [Summary] => Smart Communications will not engage in an initial public offering (IPO) next month even if required under its congressional franchise to offer at least 30 percent of its shares to the public.


Smart president and chief executive officer Napoleon Nazareno said over the weekend that the company needs at least one year to prepare for an IPO. "How can we comply with only a month remaining,"  he stressed.


                    [DatePublished] => 2004-08-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
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                    [ArticleID] => 257356
                    [Title] => Smart now owns 32.7% of Piltel after shares conversion
                    [Summary] => Smart Communications Inc. now owns 32.7 percent of Pilipino Telephone Inc. (Piltel) after the conversion of an initial 4.825 million Series K convertible preferred shares acquired by the former  from parent Philippine Long Distance Telephone Co. (PLDT). 


                    [DatePublished] => 2004-07-13 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 256255
                    [Title] => PLDT to offset Smart receivables to effect non-cash deal on Piltel sale
                    [Summary] => Philippine Long Distance Telephone Co. (PLDT) will merely offset its receivables from mobile phone subsidiary Smart Communications to effect a non-cash transaction in the latter’s initial acquisition of a 45-percent stake in sister company Pilipino Telephone Inc. (Piltel).


Smart has just entered into a sale and purchase agreement with PLDT to acquire the latter’s 59.3 million Series K convertible preferred shares in Piltel  for P2.066 billion.


                    [DatePublished] => 2004-07-04 00:00:00
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                    [ArticleID] => 256140
                    [Title] => Smart acquires PLDT preferred shares in Piltel for P2.066B
                    [Summary] => Smart Communications entered into a sale and purchase agreement yesterday with parent Philippine Long Distance Telephone Co. (PLDT) to acquire the latter’s 59.3 million Series K convertible preferred shares in PLDT-subsidiary Pilipino Telephone Inc. (Piltel) for P2.066 billion.


On full conversion, Smart and PLDT will own 92.1 percent of Piltel. PLDT’s stake in Piltel consists of 767 million common shares and 59 million Series K PLDT preferred shares convertible into Piltel common shares at a ratio of 170 to one. 


                    [DatePublished] => 2004-07-03 00:00:00
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                    [ArticleID] => 243604
                    [Title] => Smart to acquire PLDT’s 45.3% stake in Piltel
                    [Summary] => Smart Communications, Inc., a wholly owned subsidiary of Philippine Long Distance Telephone Co. (PLDT), is buying out PLDT’s 45.3-percent stake in smaller affiliate Pilipino Telephone Inc. (Piltel). 


                    [DatePublished] => 2004-03-23 00:00:00
                    [ColumnID] => 133272
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SERIES K

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                    [ArticleID] => 259713
                    [Title] => No IPO for Smart this year
                    [Summary] => Smart Communications will not engage in an initial public offering (IPO) next month even if required under its congressional franchise to offer at least 30 percent of its shares to the public.


Smart president and chief executive officer Napoleon Nazareno said over the weekend that the company needs at least one year to prepare for an IPO. "How can we comply with only a month remaining,"  he stressed.


                    [DatePublished] => 2004-08-02 00:00:00
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                    [ArticleID] => 257356
                    [Title] => Smart now owns 32.7% of Piltel after shares conversion
                    [Summary] => Smart Communications Inc. now owns 32.7 percent of Pilipino Telephone Inc. (Piltel) after the conversion of an initial 4.825 million Series K convertible preferred shares acquired by the former  from parent Philippine Long Distance Telephone Co. (PLDT). 


                    [DatePublished] => 2004-07-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [ArticleID] => 256255
                    [Title] => PLDT to offset Smart receivables to effect non-cash deal on Piltel sale
                    [Summary] => Philippine Long Distance Telephone Co. (PLDT) will merely offset its receivables from mobile phone subsidiary Smart Communications to effect a non-cash transaction in the latter’s initial acquisition of a 45-percent stake in sister company Pilipino Telephone Inc. (Piltel).


Smart has just entered into a sale and purchase agreement with PLDT to acquire the latter’s 59.3 million Series K convertible preferred shares in Piltel  for P2.066 billion.


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                    [ColumnID] => 133272
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                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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                    [URL] => 
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                (
                    [ArticleID] => 256140
                    [Title] => Smart acquires PLDT preferred shares in Piltel for P2.066B
                    [Summary] => Smart Communications entered into a sale and purchase agreement yesterday with parent Philippine Long Distance Telephone Co. (PLDT) to acquire the latter’s 59.3 million Series K convertible preferred shares in PLDT-subsidiary Pilipino Telephone Inc. (Piltel) for P2.066 billion.


On full conversion, Smart and PLDT will own 92.1 percent of Piltel. PLDT’s stake in Piltel consists of 767 million common shares and 59 million Series K PLDT preferred shares convertible into Piltel common shares at a ratio of 170 to one. 


                    [DatePublished] => 2004-07-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 243604
                    [Title] => Smart to acquire PLDT’s 45.3% stake in Piltel
                    [Summary] => Smart Communications, Inc., a wholly owned subsidiary of Philippine Long Distance Telephone Co. (PLDT), is buying out PLDT’s 45.3-percent stake in smaller affiliate Pilipino Telephone Inc. (Piltel). 


                    [DatePublished] => 2004-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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abtest

No IPO for Smart this year

August 2, 2004 - 12:00am

Smart Communications will not engage in an initial public offering (IPO) next month even if required under its congressional franchise to offer at least 30 percent of its shares to the public. Smart president and...

Business

Smart now owns 32.7% of Piltel after shares conversion

July 13, 2004 - 12:00am

Smart Communications Inc. now owns 32.7 percent of Pilipino Telephone Inc. (Piltel) after the conversion of an initial 4.825 million Series K convertible preferred shares acquired by the former from parent Philippine...

Business

PLDT to offset Smart receivables to effect non-cash deal on Piltel sale

July 4, 2004 - 12:00am

Philippine Long Distance Telephone Co. (PLDT) will merely offset its receivables from mobile phone subsidiary Smart Communications to effect a non-cash transaction in the latter’s initial acquisition of a 45-percent...

Business

Smart acquires PLDT preferred shares in Piltel for P2.066B

July 3, 2004 - 12:00am

Smart Communications entered into a sale and purchase agreement yesterday with parent Philippine Long Distance Telephone Co. (PLDT) to acquire the latter’s 59.3 million Series K convertible preferred shares...

Business

Smart to acquire PLDT’s 45.3% stake in Piltel

March 23, 2004 - 12:00am

Smart Communications, Inc., a wholly owned subsidiary of Philippine Long Distance Telephone Co. (PLDT), is buying out PLDT’s 45.3-percent stake in smaller affiliate Pilipino Telephone Inc. (Piltel).

Business