Bayan Telecommunications sells wireless landline assets to Media Telephony (Broadband Philippines)

Bayan Telecommunications, Inc. (BTI), a provider of telecommunications services, has sold its wireless landline assets to Multi-Media Telephony, Inc. (MTI), a provider of local exchange carrier, cellular mobile telephone and broadband services. Both BTI and MTI are based in Philippines.

MTI's acquisition of Bayan's assets will not result in their consolidation or merger.

Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2011-04-26 Deal Participants Target (Company) Bayan Telecommunications, Inc. - Wireless Landline Assets Acquirer (Company) Multi-Media Telephony, Inc.

Vendor (Company) Bayan Telecommunications, Inc.