Destiny Cable
 | |
| Company type | Brand |
|---|---|
| Industry | Cable telecommunications |
| Founded | January 16, 1995, as Destiny Cable Merger entity: Global Destiny Cable (2003–2012) |
| Defunct | December 31, 2018 |
| Successor | Sky Cable |
| Headquarters | 6th Floor, ELJ Communications Center, ABS-CBN Broadcasting Center, Mother Ignacia Ave., Diliman, Quezon City |
| Services | Analog and digital cable television, Pay per view |
| Owner | Sky Cable Corporation |
| Website | www |
Destiny Cable (formerly Global Destiny Cable and stylized as DESTINY CABLE) was a direct-to-home cable television subscription service based in Quezon City. Destiny Cable was the 2nd largest cable TV provider in the Philippines.[1] It was owned by Sky Cable Corporation.
History
[edit]On January 1, 1995,[2] the Philippines’ commission attached to the Department of Transportation and Communications, the National Telecommunications Commission (NTC) granted a certificate of public convenience and necessity with provisional authority to install, operate and maintain telecommunications, broadcast and cable antenna television services to Destiny Cable Inc was officially launched on January 16, 1995. and allowed to provide cable television services to Metro Manila and nearby municipalities, cities and provinces.
Destiny Cable Inc. embarked on marketing promotion through Solid Group Inc.[3] by offering bundled services.
Merger with Global Cable
[edit]On November 17, 2000, however, Global Cable, Inc. (GCI) and Destiny Cable, Inc. (DCI) announced that both companies had entered an agreement on merging the television operations of the two companies, of which operates the cable providers; Global Cable and Destiny Cable.
In November 2000 Destiny Cable formed a partnership[4][5] with Global Cable to further strengthen and systematize its cable television ventures. However, it was only on November 2, 2003, that the corporate name was changed to Global Destiny Cable.
Global Destiny Cable is perceived to be the closest competitor of Sky Cable the Philippines' largest cable TV company[6] in Metro Manila. Both have their own associates all over the country and both offer high-speed cable Internet service[7] to its respective subscribers.
Sale to Sky Cable
[edit]On November 11, 2012, Sky Cable Corporation eventually acquired the assets of Global Destiny Cable through its parent, Destiny Cable, Inc. at the cost of P3.5 billion in order to improve services to customers of Destiny Cable, UniCable, and MyDestiny broadband Internet.[8]
Global Destiny Cable has been reverted to Destiny Cable after separation from Global Cable. On November 12, 2012, Destiny Cable headquarters moved from Solid House Building in Makati to Sky Cable's headquarters in Quezon City. The NTC consummated Sky's acquisition on December 18, 2012.
On November 25, 2018, Destiny Cable announced that it would discontinue its cable TV operations effective January 1, 2019. The final broadcast and sign-off of Destiny Cable was scheduled for December 31, 2018, at 11:59 p.m.
Areas served
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- Metro Manila
- Cavite Province: Bacoor
- Rizal Province: Cainta, Antipolo, San Mateo, Rodriguez, Taytay, Angono, Binangonan
- Laguna Province: San Pedro
- Cebu Province: Metro Cebu (UniCable)
References
[edit]- ^ Global Destiny History Archived January 25, 2008, at the Wayback Machine
- ^ Hebrona Jr., Alfredo P. (November 17, 1999). "Q&A With The Cable Guy". BusinessWorld. Archived from the original on April 19, 2007.
- ^ "Business in Asia Today". AsiaTimes. April 1, 2000. Archived from the original on September 25, 2000.
{{cite web}}: CS1 maint: unfit URL (link) - ^ Lectura, Lenie (December 25, 2007). "Global Destiny lacks proof it has money". BusinessMirror. Archived from the original on December 30, 2007.
- ^ The Philippine Broadcast Equipment Market, March 2006[permanent dead link], CommerceCan
- ^ "Lopez buys out Sun Cable, prepares for Sky Cable share sale". BusinessWorld. June 16, 2008.[permanent dead link]
- ^ "Timeline of Significant Events in Philippine Cyberage". Philippine Communication Centrum Foundation. Asian Institute of Journalism and Communication. Archived from the original on April 13, 2016.
- ^ "Sky Cable acquires Destiny Cable, Solid Broadband". InterAksyon. May 13, 2012. Archived from the original on June 17, 2012. Retrieved May 14, 2012.
External links
[edit]
- Sky (cable company)
- ABS-CBN subsidiaries
- Cable television companies of the Philippines
- Internet service providers of the Philippines
- Television in Metro Manila
- Companies based in Quezon City
- Telecommunications companies established in 1995
- 1995 establishments in the Philippines
- 2012 mergers and acquisitions
- 2018 disestablishments in the Philippines