MVP in talks with Lopez-controlled ABS-CBN, for shows to run on rival Cignal TV

MVP in talks with Lopez-controlled ABS-CBN, for shows to run on rival Cignal TV

Now it can be told.

Manny V. Pangilinan (MVP) just confirmed that its own pay television (Cignal TV) company is in direct and negotiation talks with Lopez controlled ABS-CBN Corporation to rent a channel to broadcast its programs.

“That’s currently under discussions between the two [ABS-CBN and Cignal TV]. I don’t know where we are. That’s been offered not only to us but with other pay TV operators in the country. I think some of them have already accepted,”MVP, the chairman of Cignal said.

MVP's Cignal cable tv is negotiating with ABS-CBN Corp.

“I think Cignal is still assessing it. Hopefuly to decide by next week. We are open to it, but there’s other factors to consider,” the chairman of Cignal said.

But MVP was very quick to clarify that there is no ongoing discussions with respect to its free channel TV-5 with ABS-CBN Corporation.

Cignal Cable is currently the country’s biggest cable channel television network with a 50 percent market share or 2.2 million subscribers.

Cignal TV is a subsidiary of MediaQuest Holdings, the media arm of the PLDT Group headed by Manuel V. Pangilinan.

The ABS-CBN Corp. application of a new franchise is currently undergoing committee hearings in the House of Representatives.

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