Udenna denies interest in buying ABS-CBN frequencies after network shutdown

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Metro Manila (CNN Philippines, July 15)— Holding company Udenna Corporation on Wednesday dismissed claims it is interested in acquiring the former broadcast frequencies of ABS-CBN following the network’s shutdown.

“It has come to our attention that there have been certain speculations going around on social media saying that the Udenna Group is associated with a reported broadcasting entity interested in acquiring the broadcast frequencies left behind by ABS-CBN,” the Udenna Group said in a statement posted on its website. “These are unfounded and completely false.”

“We in Udenna have been consistent in stating that our priorities do not include broadcasting,” added the company founded by Davao-based businessman Dennis Uy.

Following House lawmakers’ denial of ABS-CBN’s application for a fresh franchise, some netizens have claimed and suggested that a certain broadcasting corporation— also supposedly connected to Uy— may soon be acquiring the channel’s frequencies.

The businessman also previously denied speculations his company had plans to acquire the network, stressing that broadcasting was “not part” of their corporate direction.

ABS-CBN went off the air in May following the expiry of its license. The network said it will continue to deliver news through the limited platforms available to them.