Filipino watchdog the National Telecommunications Commission (NTC) will seek an independent valuation of the 3G frequency licence formerly held by PLDT subsidiary Connectivity Unlimited Resources Enterprise (CURE), and surrendered to the government as a condition of its takeover of domestic telco Digitel. NTC commissioner Gamaliel Cordoba is on record as saying that the determination of the Cost Recovery Amount (CRA) for the frequencies in question is the only item delaying the re-allocation of CURE’s 3G licence. The official says that the NTC has completed the terms of reference (TOR) for the auction and is now seeking input from at least three independent auditors to determine the value of the concession. Earlier, PLDT had put a potential spanner in the works when it said it was looking to recoup a minimum PHP2.125 billion (USD52.4 million) from the sale of CURE’s 3G frequencies.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors