MANILA -- ABS-CBN, once the Philippines' largest TV company, said Thursday it will sell its cable and broadband unit to PLDT, the country's top telecom company, for 6.75 billion pesos ($123 million).
ABS-CBN, once country's largest broadcaster, to focus on content creation

ABS-CBN was shut down three years ago by the government under former President Rodrigo Duterte. (File photo by Getty Images)
MANILA -- ABS-CBN, once the Philippines' largest TV company, said Thursday it will sell its cable and broadband unit to PLDT, the country's top telecom company, for 6.75 billion pesos ($123 million).