 | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 2013 |
| Founder | Luis Crisologo Singson |
| Headquarters | Ascott Bonifacio Global City Manila, 5th Avenue cor. 28th Street, , Philippines |
Area served | Asia |
Key people | Luis Crisologo Singson, Chairman Richelle Singson, Vice Chairperson |
| Subsidiaries |
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| Website | www |
The LCS Group of Companies, also known as LCS Holdings Inc., is a Philippine conglomerate. The company was founded in 2016 by Filipino politician Luis Crisologo Singson who serves as its chairman.
The LCS Group operates a charter airline known as Platinum Skies, which was incorporated in 2013. [1] [2]
Satrap Mining Corporation is a subsidiary under the LCS Group founded in 2014. It operates and manages renewable energy power plants mostly in Ilocos Sur. It also has a partnership with Philippine National Oil Company (PNOC) regarding the exploration of use of renewable energy for off-grid areas. [3]
Satrap Mining Corporation is a subsidiary under the LCS Group engaged in mining. It was established in 2014. [1]
Through HalloHallo Skylark Lending, Corp., the LCS Group runs a loaning service known as Casha. [1]
The LCS Group through Gracia Telecoms provides telecommunications services in Mindanao. [4] In 2018, the LCS Group expressed interest to participate in a government-sanctioned bidding which would enable it to become the third major telecommunications provider in the Philippines alongside Globe Telecom and Smart–PLDT. The conglomerate formed a consortium called Sears Telecom with TierOne Communications International. TierOne is backed by Chinese firm Fujian Torch Electron Technology, Singaporean company Miller Pte. Ltd., and Cambodia-based Southeast Asia Telecom. [5] The consortium touted itself as the only bidder planning to use satellite internet access by deploying portable Wi-Fi hotspots connected via satellite. [4] LCS was not among the three entrants to the bidding, [6] which was eventually won by Mislatel, which renamed themselves as Dito Telecommunity.
The LCS Group spent $15 million to host the 2016 Miss Universe pageant in the Philippines in January 2017, around $12 million alone spent to secure the hosting rights from the Miss Universe Organization. [1]
Telecommunications in the Philippines are well-developed due to the presence of modern infrastructure facilities. The industry was deregulated in 1995 when President Fidel Ramos signed Republic Act No. 7925. This law opened the sector to more private players and improved the provision of telecom services are better and fairer rates, leading to the creation of many telecommunication service providers for mobile, fixed-line, Internet and other services.
The Philippine Telegraph and Telephone Corporation (PT&T) is a telecommunications services provider in the Philippines since its establishment in 1962. The company caters to corporate, small/medium business, and residential segments across the country. PT&T's business is categorized into two major services: Connectivity and IT Services.
China Telecommunications Corporation (中国电信集团有限公司), known as its trading name China Telecom, is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China.
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.
The Philippine National Oil Company (PNOC) is an energy company created on November 9, 1973, as a government-owned and controlled corporation founded during President Ferdinand Marcos' era to supply oil to the Philippines. Since then, its charter has been amended several times to include exploration, exploitation and development of all energy resources in the country.
Lopez Holdings Corporation is a Filipino conglomerate founded by the brothers Eugenio Lopez, Sr. and Fernando Lopez, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the Lopez family's publicly listed holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing; and property development. It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking, toll roads, information technology, and health care delivery.
JG Summit Holdings, Inc. (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.
Internet in the Philippines first became available on March 29, 1994, 10:18 a.m., with the Philippine Network Foundation (PHNet) connecting the country and its people to Sprint in the United States via a 64 kbit/s link. As of February 2023, there are 85.16 million internet users in the country, where internet penetration stood at 73.1% of the total population.
The National Transmission Corporation is a Philippine government-owned and controlled corporation established in June 26, 2001 by the Electric Power Industry Reform Act and a corporate entity wholly owned by the Power Sector Assets and Liabilities Management (PSALM). It is the owner of the country's power grid and its related assets and facilities since March 1, 2003, and also served as operator of the grid from March 2003 until the turnover of the grid's operations, maintenance, management, construction, expansion, and eminent domain to the privately owned National Grid Corporation of the Philippines (NGCP) on January 15, 2009.
Luis Crisologo Singson, better known as Chavit Singson, is a Filipino businessman and retired politician, who last served as the mayor of Narvacan, Ilocos Sur from 2019 to 2022. He was also the governor of the province of Ilocos Sur, starting from 1972 until 1986, again from 1992 until 2001, and again from 2004 to 2007 and from 2010 until 2013. He was also the Deputy National Security Adviser for the Philippine government (2008).
ABS-CBN Mobile was a cellular telephony service provider in the Philippines owned and operated by ABS-CBN Convergence, a subsidiary of ABS-CBN. ABS-CBNmobile formerly uses the network infrastructures of Globe Telecom under a network-sharing agreement which allows ABS-CBN and Globe to share frequencies, switches, servers, and transmitters. ABS-CBNmobile formerly offers prepaid and postpaid SMS, voice, data, wireless landline connection, and access to premium and exclusive contents of iWant TV.
A bidding was held in November 2018 to determine the prospective third major telecommunications service provider in the Philippines which is meant by the Philippine government to compete with the existing duopoly of PLDT, Inc.–Smart Communications and Globe Telecom.
Udenna Corporation operates as a holding company. The Company distributes and retails petroleum products and lubricants, engages in shipping and logistics services, operates in property development, education, food, gaming, tourism, infrastructure and telecommunications sectors in Philippines. and become the top business leaders in Davao City.
Binibining Pilipinas 2019 was the 56th edition of the Binibining Pilipinas pageant, held at the Smart Araneta Coliseum in Quezon City, Metro Manila, Philippines, on June 9, 2019.
Dennis Ang Uy is a Filipino businessman, government official, and diplomat. Uy is the founder of Udenna Corporation, which has stakes in various businesses including Phoenix Petroleum.
DITO Telecommunity Corporation, formerly known as Mindanao Islamic Telephone Company, Inc. or Mislatel is a telecommunications company in the Philippines which is also engaged in the business of multimedia and information technology. It is a consortium of DITO CME Holdings Corporation, a subsidiary of the Udenna Corporation which is owned by Davao businessman Dennis Uy, and China Telecommunications Corporation, a state-owned enterprise of the government of mainland China and a parent company of China Telecom.
Now Corporation is a Filipino conglomerate firm based in Makati, Philippines. The company's core businesses are centralized in the information and communications technology sector, including broadband internet and fiber-optic communication services, information technology, digital media (NowPlanet.tv), management services, and cybersecurity among others.
Now Telecom Company, Inc. is a telecommunications firm based in the Philippines. The company provides broadband and fiber-optic communication services to upper-class residential and commercial areas in Metro Manila under the Now Fiber Air brand. The firm, along with Now Corporation and News and Entertainment Network Corporation (NEWSNET), formed the unified Now Network service.
Dito CME Holdings Corporation is a Filipino conglomerate holding firm. Formed in 1925, the company primarily engages in telecommunications and information technology infrastructure.
Eastern Telecommunications Philippines, Inc. (ETPI), doing business as Eastern Communications, is the first telecommunications company in the Philippines under Vega Telecom. Founded in 1878 during the final years of the Spanish colonial era, it was the first company to provide telegraphic services.