Philippine TV company shut down by Duterte to sell internet arm

ABS-CBN, once country's largest broadcaster, to focus on content creation

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ABS-CBN was shut down three years ago by the government under former President Rodrigo Duterte. (File photo by Getty Images) 

CLIFF VENZON, Nikkei staff writer

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).

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