PLDT Chairman Manuel V. Pangilinan said the telco is prepared to seal a deal to acquire the broadcaster within the deadline earlier given by GMA Network Chairman Felipe L. Gozon.
“We have an appreciation of that deadline,” Mr. Pangilinan said, noting however that this excludes delays that may be posed by regulators.
“We can agree, but if somebody else approves the transaction, it’s beyond our control,” said Mr. Pangilinan, who nodded when reporters asked if funding for the acquisition is at hand.
Mr. Pangilinan said last month that his camp has moved to approach banks for funding.
PLDT was also seen selling off assets, such as its 26% stake in PhilWeb Corp.
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