PLDT to finally return CURE Frequency to Government



It can be recalled that President Duterte uttered striking derogatory remarks against several Oligarchs including PLDT-Smart CEO Manny Pangilinan on the issue concerning the Radio Frequencies needed to sustain mobile services by another prospective Telco Player.


PLDT has recently responded by formally declaring that it will surrender the radio frequency equivalent to 10Mhz of the 2100Mhz spectrum at absolutely ‘NO COST’.
In the letter, the official statement reads: “This is to confirm... that PLDT group is waiving its right to recover any and all costs of investment associated with the affected frequency,”

Pangilinan also said: “Accordingly, the new assignee of the affected frequency shall have no obligation to reimburse the PLDT group for any of the said costs,”




This decision is announced through a letter dated, March 5, 2018 addressed to the National Telecommunications Commission by Pangilinan despite potential multi-billion Peso revenue that it can generate to recover from its losses after having to acquire Connectivity Unlimited Resource Enterprise (CURE) in 2008 for an estimated Php 400 Million.

CURE’s radio frequencies were used as platform to launch the Cellular Network previously known as Red Mobile, a former subsidiary of Smart Communications, in hopes to expand its 3G GSM Network that could cater to middle and upper-class subscribers between the segments of ages 15 and 35 as a direct rival to Globe Telecom.




Red Mobile was eventually discontinued in July 2012 when PLDT surrendered majority of its 3rd Generation Spectrum to NTC as one of the regulations set in acquiring Digital Telecommunications Philippines which also owns what is now popularly known as Sun Cellular.

In a move to counter President Duterte’s direct order, the government is set to announce the 3rd Telco Player by June.

Meanwhile, PLDT and Globe Telecom Inc. still holds majority of the Radio Frequencies with only about 12.8% of the spectrum left available to be utilized by the incoming contender, the 2 industry giants said they openly welcome the 3rd competitor.

***

What can you say about this?

Share us your thoughts by simply leaving on the comment section below. For more news updates, feel free to visit our site often. 

Thanks for dropping by and reading this post.


Source:  philstar.com

No comments

Powered by Blogger.