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PLDT surrenders frequency for 3rd telco player to the government

PLDT just surrendered one of its frequencies for FREE to the goverment for the upcoming new major local telecommunications player.
PLDT surrenders frequency for 3rd telco player to the government

PLDT complied to the directive of the National Telecommunications Commission (NTC) to divest 10 megahertz (MHz) of 3G radio frequency. The said frequency was previously assigned to Connectivity Unlimited Resource Enterprises Inc. (CURE).

This is to confirm that the PLDT Group is waiving its right to recover any and all costs of investments associated with the affected frequency. Accordingly, the new assignee of the affected frequency shall have no obligation to reimburse the PLDT Group for any of the said costs, PLDT Chairman and CEO Manuel V. Pangilinan said in a letter addressed to the NTC dated March 5.

In case you missed it, the CURE frequency was surrendered by the PLDT group to NTC in 2012 as one of the conditions set by the government for its acquisition of Sun Cellular from the Gokongwei Group.

Based on PTV's report, CURE said it will not claim any cost in case the frequencies are assigned to another telco company.

Moreover, President Rodrigo R. Duterte earlier said that the frequencies for the new major telco player should be awarded for FREE.

The Department of Information and Communications Technology (DICT) expects the new major telco player to be identified within last week of May until first week of June this 2018.

What do you think guys?

Source: PTV
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