Senate says ‘no need’ to approve PLDT-Digitel deal

8 Jun 2011

The Philippines’ Senate believes there is ‘no need’ for Congress to intercede to approve the proposed share-swap deal between Philippine Long Distance Telephone Company (PLDT) and Digital Telecommunications Philippines (Digitel), leaving it to the regulator to resolve objections raised by rival operator Globe Telecom against the deal. The Business Mirror quotes Senate President Juan Ponce Enrile as saying ‘There is no need for Congress to grant a new franchise because the buyer [PLDT] already has a franchise’. Enrile advised that Globe, or any other firm opposed to the deal, seek to resolve their issues through the courts. Meanwhile, Senator Ramon Revilla Jr confirmed that in a closed-door session, the chamber had decided to leave it up to the National Telecommunications Commission (NTC) to resolve any disputes brought by Globe and others. ‘We did not see any problem on the legality of the PLDT-Digitel deal,’ Revilla said.

Philippines, PLDT (incl. Smart Communications and Sun Cellular),

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