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Destiny Cable

From Wikipedia, the free encyclopedia
Cable TV provider in the Philippines

Destiny Cable
Company typeBrand
IndustryCable telecommunications
FoundedJanuary 16, 1995, asDestiny Cable
Merger entity:Global Destiny Cable (2003–2012)
DefunctDecember 31, 2018
SuccessorSky Cable
Headquarters6th Floor,ELJ Communications Center,ABS-CBN Broadcasting Center, Mother Ignacia Ave.,Diliman, Quezon City
ServicesAnalog and digital cable television, Pay per view
OwnerSky Cable Corporation
Websitewww.destinycable.com.ph

Destiny Cable (formerlyGlobal Destiny Cable and stylized asDESTINY CABLE) was a direct-to-homecable television subscription service based inQuezon City. Destiny Cable was the 2nd largest cable TV provider in the Philippines.[1] It was owned bySky Cable Corporation.

History

[edit]

On January 1, 1995,[2] the Philippines’ commission attached to theDepartment of Transportation and Communications, theNational Telecommunications Commission (NTC) granted acertificate 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]
Main article:Global Cable

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 ofSky 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 inMakati to Sky Cable's headquarters inQuezon 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

[edit]
Destiny Cable is located in Philippines
Metro Manila
Metro Manila
Rizal Province
Rizal Province
Metro Cebu
Metro Cebu
Coverage of areas served by Destiny Cable.

References

[edit]
  1. ^Global Destiny HistoryArchived January 25, 2008, at theWayback Machine
  2. ^Hebrona Jr., Alfredo P. (November 17, 1999)."Q&A With The Cable Guy". BusinessWorld. Archived fromthe original on April 19, 2007.
  3. ^"Business in Asia Today". AsiaTimes. April 1, 2000. Archived from the original on September 25, 2000.
  4. ^Lectura, Lenie (December 25, 2007)."Global Destiny lacks proof it has money". BusinessMirror. Archived fromthe original on December 30, 2007.
  5. ^The Philippine Broadcast Equipment Market, March 2006[permanent dead link], CommerceCan
  6. ^"Lopez buys out Sun Cable, prepares for Sky Cable share sale". BusinessWorld. June 16, 2008.[permanent dead link]
  7. ^"Timeline of Significant Events in Philippine Cyberage".Philippine Communication Centrum Foundation. Asian Institute of Journalism and Communication. Archived fromthe original on April 13, 2016.
  8. ^"Sky Cable acquires Destiny Cable, Solid Broadband". InterAksyon. May 13, 2012. Archived fromthe original on June 17, 2012. RetrievedMay 14, 2012.

External links

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