NTC sets terms for PLDT-Digitel union
The National Telecommunications Commission (NTC) will likely yield to Globe Telecom’s demand that its rival, Philippine Long Distance Telephone Co. (PLDT), be stripped of some of its allegedly “excess” radio frequencies before it is allowed to take over Digitel Telecommunications Phil.
NTC, the state telecom regulator, has to greenlight PLDT’s bid to acquire Digitel’s operations for P74.1 billion. Digitel’s parent firm, JG Summit Holdings, earlier set a deadline of Aug. 26 for the completion of the deal.
NTC Deputy Commissioner Carlo Martinez said on Wednesday the three-man commission discussing the possible implications of the PLDT-Digitel deal would try to finalize its decision before the end of the week.
“We’re still trying to determine the conditions that we will impose… to safeguard the interests of consumers,” he told reporters.
Digitel operates mobile brand Sun Cellular, the country’s third-largest telecom company with 15 million subscribers. The deal will give PLDT a 70-percent market share in terms of industry revenues and subscribers.
Globe Telecom, the Ayala-led firm that is opposing PLDT-Digitel deal, earlier called on the NTC to strip PLDT of one of its frequencies in the third-generation (3G) band to avoid creating an imbalance of allocations in favor of one group.
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94