Sky Cable Corporation, doing business as Sky, is a Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN, the company offers broadband, cable and satellite television services under the Sky Cable and Sky Direct brands. The company was founded on June 6, 1990 by Benpres Holdings Corporation (now Lopez Holdings Corporation) as Central CATV, Inc. , the company had 1.4 million customers across the country, 200,000 of which are broadband internet subscribers. History On June 6, 1990, Sky Cable Corporation was incorporated as Central CATV, Inc. On March 25, 1991, Sky Vision Corporation, a holding company incorporated with the primary purpose of buying and owning stocks of Central CATV, Inc. was founded. On March 30, 1995, Central CATV Inc. was granted a 25-year provisional franchise to establish, construct, maintain and operate community antenna television system in the Philippines through Republic Act 7969. In 1997, Sky Vision Corporation acquired 47% of Pilipino Cable Corporation for 900 million pesos. In 2001, Sky Cable and Philippine Long Distance Telephone Company's Home Cable entered into a master consolidation agreement to form the holding company Beyond Cable, Inc. In April 2008, then ABS-CBN Broadcasting Corporation (now ABS-CBN Corporation), started consolidating the cable company’s fiscal result into its financial statement. In May 2011, Singapore-based firm Sampaquita Communications Pte., Ltd. acquired 40 percent of Sky Cable through Philippine Depositary Receipts (PDR) worth 3.612 billion and 250 million pesos of convertible notes to fund the expansion of Sky Cable’s broadband internet and cable television services. On May 11, 2012, Sky Cable acquired the assets of Destiny Cable (from Destiny Cable Inc.), UniCable (from Uni-Cable TV, Inc.) and MyDestiny broadband internet (from Solid Broadband Corporation) with consolidating value of 3.497 billion pesos. In 2013, Sky Cable revenues increased by 18% to P6.99 billion from P5.94 billion. The growth in Sky Cable revenues was partly attributable to the acquisition of Destiny Cable, Inc. Postpaid revenues grew by 16% and broadband revenues by 33%. SKY’s cable TV subscriber count improved by 10 percent as of the end of 2012 while SKYbroadband registered a 44 percent growth on its base versus the previous year. In 2013, Sky discontinued its voice over IP service and started offering bundled plans with ABS-CBN Mobile postpaid service which includes a wireless landline connection, SMS, and voice. On December 23, 2015, the NTC granted Sky an 18-month provisional license to begin