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"By Mary Ann Ll. Reyes, The Philippine Star
Posted at 10/24/2011 7:35 AM | Updated as of 10/24/2011 9:19 AM
MANILA, Philippines - The National Telecommunications Commission (NTC) may require telecomeunications leader Philippine Long Distance Telephone Co. (PLDT) to make Sun Cellular’s unlimited text and call promos a permanent offering as a condition for the NTC’s approval of PLDT’s acquisition of a 51.55% stake in Digital Telecommunications Phils. Inc. (Digitel).
Highly placed sources told The STAR that under the Public Services Act, any sale or transfer of shares of stocks by a public utility that will result in the transferee owning more than 40 percent must not prejudice public interest."
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Posted at 10/24/2011 7:35 AM | Updated as of 10/24/2011 9:19 AM
MANILA, Philippines - The National Telecommunications Commission (NTC) may require telecomeunications leader Philippine Long Distance Telephone Co. (PLDT) to make Sun Cellular’s unlimited text and call promos a permanent offering as a condition for the NTC’s approval of PLDT’s acquisition of a 51.55% stake in Digital Telecommunications Phils. Inc. (Digitel).
Highly placed sources told The STAR that under the Public Services Act, any sale or transfer of shares of stocks by a public utility that will result in the transferee owning more than 40 percent must not prejudice public interest."
Read full story
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