ISM Communications Corporation (“ISM”) is a listed Philippine telecommunications holding company. After its reorganization in June 2002, it has trained its sights on outstanding opportunities in the deregulated telecommunications and the information technology sectors.

ISM is majority-owned and controlled by a group led by its Chairman of the Board, Mr. Roberto V. Ongpin, and composed of PhilWeb Corporation, the Ashmore Group plc funds as well as other strategic partners.

In July 2005, ISM acquired a substantial stake in Eastern Telecommunications Philippines, Inc. (“Eastern Communications”), the oldest existing telecommunications provider in the Philippines with a particular focus in providing voice, data and internet services. Since then, ISM has since increased its stake in Eastern Communications to a controlling super-majority. Under ISM’s management and control, Eastern Communications executed a dramatic financial turnaround. Having been in the red for six years running, Eastern Communications returned to profitability in just 18 months after ISM’s takeover.

In January 2010, ISM and PhilWeb Corporation equally invested in purchasing a 65% stake in Acentic Gmbh, an international market leader in the provision of hotel in-room entertainment systems and services.

True to its mandate, ISM is constantly analyzing other opportunities, and is equipped with the financial resources to make significant investments in the robust telecoms and IT industries.