In May 2011, ST Telemedia completed its investment in Sky Cable Corporation (Sky Cable), Philippines' largest cable company and leading broadband service provider.  The transaction gives ST Telemedia approximately 40% economic interest in Sky Cable.

2011: Level 3 Completes Acquisition of Global Crossing   On 4 October 2011, Level 3 Communications completed its acquisition of Global Crossing.  The transaction combines the strengths of both companies to create a premier global communications provider with reach to the U.S., Latin America, Europe, the Middle East, Africa, as well as the Asia Pacific region. ST Telemedia holds approximately 24% stake in Level 3.