Sunday 21 October
Powered by Ajaxy
Mar 10, 2018 @ 18:36

At last! PLDT makes subsidiary’s 3G frequency available for 3rd telco’s use


PLDT has formally waived its right to recover its investment on the 3G frequency obtained by its shell company, barely a month after President Rodrigo Duterte threatened its chairman, Manny V. Pangilinan not to “fuck with government.”

In a letter addressed to National Telecommunications Commission (NTC) Commissioner Gamaliel Cordoba, Pangilinan said its subsidiary, Connectivity Unlimited Resource Enterprises Inc. (CURE), will not claim any cost associated with the 10 Megahertz of 3G frequency it obtained for free in 2011.

“Accordingly, the new assignee of the Affected Frequency shall have no obligation to reimburse the PLDT group for any of the said costs,” Pangilinan said.

The head honcho of PLDT said that attached to his letter was CURE’s letter to NTC dated March 4, 2018 about waiving its right to recover the investment associated with the 3G frequency.

“With the foregoing, the PLDT group is deemed to have fully complied with its obligation to divest itself of the affected frequency,” Pangilinan said.

Department of Information and Communications Technology officer-in-charge Eliseo Rio, who posted a copy of Pangilinan’s letter on his Facebook page, said PLDT’s divestment of the 3G frequency means it “is now available to a New Major Telco Player. ”

Last month, Duterte scored PLDT for demanding P3 billion for the return of the frequency, which the government plans to give to China Telecoms, the third player seen to break the duopoly in the local telco industry.

Presidential Spokesperson Harry Roque famously quoted Duterte as saying during a Cabinet meeting that PLDT should not “fuck with government.”

After Roque publicized Duterte’s threat, PLDT announced it will return the frequency of CURE for free.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
The Philippine government is considering extending more perks to a potential Chinese investor to convince
The Bureau of Customs destroyed 76 cars and big bikes worth close to P300 million
The Government Service Insurance System (GSIS) went to showcase their new system for printing the
Thousands of workers marched in Labour Day rallies in Manila Tuesday, using burning effigies and


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.