NTC certification clears path for PTT's 3rd telco bid.
NTC certification clears path for PTT's 3rd telco bid !-- -- Richmond Mercurio (The Philippine Star) - October 30, 2018 - 12:00am MANILA, Philippines Philippine Telegraph and Telephone Corp. (PTandT) has cleared the path for its planned participation in the bidding for a new major telecommunications player in the country as it obtained a certificate of no outstanding liabilities from the National Telecommunications Commission (NTC).
PTandT said the NTC has recently certified that the company has "no uncontested obligations to the NTC as of Oct. 1, i.
e., supervision and regulation fees (SRF), spectrum user fees (SUF), including penalties, surcharges and interests.
" "Since embarking on its revival, PTandT has been clearing the way to meet all the pre-qualification requirements to bid for the new major player or the third telco bid. With its long history of providing telecommunications services to the Filipino people across the nation, we believe we can meet all the stringent requirements to participate.
This recent certification is another proof point of that," PTandT president and CEO James Velasquez said. PTandT has paid P20.57 million SUF to NTC from 2003 to 2018 and the uncontested P10.27 million SRF for 2018. Based on the terms of reference issued by NTC for the selection of the new major player, interested participants should have no uncontested outstanding liabilities such as SRF and SUF, other penalties, surcharges and interests to the agency as of Oct.
1, 2018. The company, however, has filed a petition before the Court of Appeals early this month, contesting the P443.79 million worth of SRF from 2002 to 2017 which the NTC is asking the company to settle. PTandT, a publicly-listed company, is among the local companies which bought bid documents for the third telco player bidding.
The submission and opening of the bid documents are set on Nov. 7.
Under the final terms of reference issued by the NTC and Department of Information and Communications Technology, the third telco player will be chosen based on the highest committed level of service (HCLoS) for over a period of five years. The HCLoS model consists of three selection criteria namely, national population coverage with a weight of 40 percent, minimum average broadband speed with 25 percent, and capital and operating expenditure with 35 percent.
A bidder should have a congressional franchise and a paid up capital of at least P10 billion. The participant or one of its members should have experience in the provisioning, delivery and operations of telecommunications services for the last 10 years on a national scale.
The new player is expected to invest a minimum of P40 billion in the first year and P240 billion in five years.
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|Publication:||Philippines Star (Manila, Philippines)|
|Date:||Oct 29, 2018|
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