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History  Bayan Telecommunications Holdings Corporation was incorporated in October 15, 1993. Bayan Telecommunications, the operating arm of BTHC and formerly known as International Communications Corporation, was incorporated in April 18, 1961.
We are duly enfranchised to provide the following major telecommunications services: • Local Exchange Carrier (LEC) service • International Gateway Facility (IGF) service; • Leased Line service, domestic and international • Public Trunk Radio service • Public Calling Office service Bayan Telecommunications' existing nationwide network is composed of satellite, terrestrial and land/submarine based cable facilities. The network includes capacities in the National Digital Transmission Network (NDTN), a joint project of six Philippine telecommunications carriers. Bayan Telecommunications has 83% capacity interest in the NDTN project. The NDTN is the only major alternative telecommunications backbone in the country. Bayan Telecommunications' network also includes RCPI's existing Synchronous Digital Hierarchy (SDH) microwave network with spur links that also extends from Luzon to Mindanao. Both Bayan Telecommunications and RCPI's networks are linked together to form a seamless and redundant system. Ownership, structure and affiliates  BTHC is 85.4% owned by the Lopez Group and Benpres, a publicly-listed holding company owning the Lopez Group’s investments in communications, power, infrastructure and real estate, among others. BTHC’s other main shareholder is the AIF. AIF is advised by AIFML which oversees approximately US$1 billion in private equity funds focused on Asia with 46% investment in telecoms. Major investors of AIF include Frank Russell Company of the US, the International Finance Corporation of the World Bank and the Asian Development Bank.**The principal companies under BTHC are BTI (98% owned) and Marifil Holdings Corporation (100% owned ) which in turn owns 47% of Extelcom and Nagatel (91.5% owned).** Extelcom, through the granting of a PA in 1988 and a CPCN in 1993, operates as an analogue cellular service provider in Metro Manila and selected urban centers in the provinces, from northern Luzon to as far south as Visayas and Mindanao. **BTHC purchased its initial interest in Extelcom for approximately US$140.0 million in 1996. |
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It then infused PhP765.5 million as part of a capital-raising exercise undertaken by Extelcom in 1997. No further investments or advances have been made by BTHC since. In 30 June 1999, BTHC decided to write-off its investment in Extelcom in recognition of its share in losses incurred by the latter. BTHC Shareholders and Subsidiaries diagram
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| Copyright © 2007 Bayan Telecommunications, Inc. |