offering direct-to-home satellite, with an initial investment of 252 million pesos to roll-out direct broadcast satellite service across 251 cities and municipalities in the Philippines. In October 2019, Dito Telecommunity signed an agreement with Sky. Under the deal, Dito will utilize Sky's unused fiber-optic cables in Metro Manila. On June 30, 2020, the National Telecommunications Commission issued a cease and desist order against Sky's direct-broadcast satellite service, Sky Direct. On August 10, 2022, it was announced that Cignal Cable Corporation, a subsidiary of MediaQuest Holdings, will acquire a 38.88% minority stake of Sky Cable Corporation through the execution of a "debt instruments agreement", with an option to acquire an additional 61.12% of Sky Cable shares within the next eight years. After ABS-CBN and TV5 had a partnership deal, the House of Representatives has set a briefing and SAGIP Representative Rodante Marcoleta commented that TV5 violated the broadcasting franchise with ABS-CBN deal. But a day later, the briefing scheduled was cancelled that supposed to happen on that day. On August 24, the two broadcasting companies agreed to pause their closing preparations for the deal following concerns from politicians and some government agencies. On September 1, 2022, both parties announced the termination of the proposed investment. Products and services Sky Cable Sky Cable is the flagship brand of Sky which operates cable television. It has around 500,000 subscribers in Metro Manila, suburbs and key cities in the provinces which include Metro Cebu and Metro Davao. Destiny Cable Destiny Cable (formerly Global Destiny Cable) is the only other cable television brand of Sky. It has around 200,000 subscribers in Metro Manila and Metro Cebu. Its brand along with its assets was acquired by Sky from Destiny Cable, Inc. in 2012. The assets of Uni-Cable was also consolidated in this brand after the acquisition of the asset from Uni-Cable TV, Inc. Destiny is also migrating its subscribers from analog to digital. Sky Fiber Sky Fiber (formerly Sky Broadband) is the broadband internet service brand of Sky launched in early 2011. The assets of MyDestiny broadband internet was consolidated in this brand after the acquisition from Solid Broadband Corporation. It has over 170,000 subscribers and is currently the fastest growing segment of the company. In 2012, Sky Broadband became the first internet service provider in the country to offer residential ultra high-speed internet with a download speed of up to 200 Mbit/s in select residential