Telecom

San Miguel’s fledgling telecommunications business has seen the addition of Bell Telecommunications Philippines, Inc., our second telecoms platform after Liberty Telecommunications Holdings, Inc. Bell Tel will give San Miguel entry into the wireless voice, data and video connectivity business, expanding the scope of the company’s telecom offerings.  At present, Liberty has signed on an estimated 70,000 subscribers to its internet broadband and WiMAX services.  In December 2010, San Miguel acquired a stake in Eastern Telecommunications Philippines, Inc.