In November 1999, Piltel's management decided to stop investing in its AMPS/CDMA networks. Moving forward, management signed a facilities-sharing agreement with competitor Smart Communications to be able to provide wireless services using Smart's GSM network. By April 2000, Piltel launched its GSM brand, Talk 'N Text. Since then, most of Piltel's employees have been absorbed by Smart Communications. Likewise, the management of its wireless business have also been outsourced to Smart Communications. The Beeper 150 network was already shut down, and its landline business was sold to PLDT on June 4, 2008. As of July 29, 2009, Smart Communications completed its tender offer to buy out most of Piltel's other minority shareholders, thereby raising its ownership to 99.5%. On August 17, 2009, Piltel completed the transfer of its wireless businesses to Smart Communications. On May 25, 2010, Piltel renamed to its current name after the Securities and Exchange Commission (SEC) approved the change in its corporate name, as well as other amendments to the Company’s Articles of Incorporation. The following are Piltel's wholly owned subsidiaries:  Today, Piltel is no longer a wireless services operator. Before the transfer, Piltel used its AMPS/CDMA networks to lease out telephone lines to a few corporate subscribers, and has decommissioned all but six of its AMPS/CDMA cellsites. Likewise, Piltel also reported 16,590,737 subscribers to its GSM brand, Talk 'N Text, just before the transfer. Piltel used the 912 area code for its AMPS/CDMA service. However, it is now used for the Talk 'N Text brand, which was transferred to Smart Communications. Piltel's main competitors were Smart Communications, Globe Telecom and Sun Cellular in the mobile market. It previously competed with carriers such as Digitel and Bayan Telecommunications (BayanTel) in the fixed-line market. Piltel owned the Talk 'N Text Tropang Texters of the Philippine Basketball Association, now transferred to Smart Communications.