ATN Philippines Solar Energy Group, Inc. (ATN Solar), the energy arm of publicly listed ATN Holdings, Inc., has sought board approval for the conduct of an initial public offering (IPO). “The Executive Committee has recommended the IPO against LBWI [Listing By-Way of Introduction] in listing ATN Solar shares in the…
BusinessWorld
rd reading in Senate
THE Senate approved on third reading a bill renewing Transpacific Broadband Group International, Inc.âs congressional telecom franchise for another 25 years, the listed company announced on Tuesday.
In a disclosure to the stock exchange, the company said the Philippine Senate on March 24 approved on third reading House Bill No. 8551 that seeks to renew its franchise for another 25 years.
Under the franchise bill, the company will be allowed to construct, establish, install, maintain and operate communications systems for the reception and transmission of message within the Philippines.
The House of Representatives approved the bill on Feb. 10.