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MVP gives up on GMA 7

Philippine Long Distance Telephone Co. (PLDT) has no plans of renewing an offer to acquire a stake in television broadcast firm GMA Network Inc., which is currently being courted by businessman and PLDT rival Ramon S. Ang of San Miguel Corp.

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ANNOUNCEMENT

The Professional Regulation Commission, pursuant to Section I, Article II of Executive Order No. 496, Series of 1991, which reads…

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