PT&T goes to SC to appeal computation of supervision fee

Philippine Telegraph and Telephone has asked the Supreme Court to reverse the Court of Appeals’ ruling on the P444 million in supervision and regulation fee (SRF) imposed by the National Telecommunications Commission on the company.

” While the Court of Appeals required NTC to re-compute the SRF to be collected from PT&T, the Court of Appeals nevertheless affirmed the incorrect assumption by NTC on the amount of PT&T’s paid-up capital. This is relevant since the amount of the SRF is computed based on PT&T’s paid-up capital,” said the telco firm controlled by businessmen Salvador Zamora II and Benjamin Bitanga.

In an order dated September 28, the NTC directed PT&T to pay P444 million in SRF for 2002 to 2017.

PT&T said the computation was incorrect because it was based on NTC’s erroneous interpretation of what constitutes the company’s paid-up capital.

The NTC, however, said it could not reverse its decision as PT&T failed to contest the computation within the time allowed.

PT&T currently provides high-speed fixed internet services in the Greater Manila Area, northern and southern Luzon.

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