ABS-CBN Convergence, Inc. (formerly known as Multimedia Telephony, Inc.) is the communications subsidiary of the Philippine media conglomerate ABS-CBN Corporation. It operates a wireless mobile phone service ABS-CBN Mobile, which was launched on November 16, 2013, and digital terrestrial television service ABS-CBN TV Plus, launched on February 11, 2015.
History
On January 27, 2012, Bayan Telecommunications (BayanTel) signed an asset purchase agreement with ABS-CBN to hand over BayanTel's wireless landline service and its related assets to the latter, which was completed on February 1. The handover includes the telco company's required licenses, interconnection trunks, subscribers and employees.[2] This agreement is executed after BayanTel's acquisition by Globe Telecom through the acquisition of 96.17% of the company's debt.[3] The company later informed the National Telecommunications Commission that they will terminate this service on March 10, 2014 for reasons of costly maintenance.