PLDT goes channel surfing

PLDT has signed an MOU to purchase a majority stake in GMA - owner of Channel 7 - the second largest TV station in the Philippines.
February 08, 2001

What's in an acronym? Quite a lot in the Philippines these days. Most of the recent headlines have been about the latest President, GMA (Gloria Macapagal-Arroyo). Now here comes another GMA - a privately held TV company that is being bought by telecom company PLDT.

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