The NTC has allowed PLDT more time to comply with its CURE divestment report requirement (the regulator has originally given the telco until April 13, but the later wasn’t prepared yet).

Enrico Espanol, Legal and Regulatory Department head of Smart, sent a letter to the NTC last April 12, claiming that a report on the CURE divestment will be submitted on April 23.

Enrico/Smart:

“We write on behalf of our parent firm PLDT… We request that we be afforded an additional 10 days from April 13 to update the NTC on the status of the divestment plan.”

So apparently, PLDT can’t stick to report deadlines. This is shameful for a company that is traded on the NYC stock exchange; this or nobody from the telco giant takes the NTC seriously.

The CURE divestment order is a condition… oh jeez – the Troll is so tired of explain the same thing over and over:

The CURE divestment order is a condition attached to the PLDT-Digitel sale.

Here’s a brief summary of CURE’s ownership saga: The Ongpins sold CURE/uMobile to Smart in 2008, Smart used CURE to launch Red Mobile, and now CURE will be dismantled – a sacrifice PLDT took in order to buy Digitel/Sun.

Smart is yet to complete the migration/transfer of CURE subscribers to one of its brands (Buddy, TnT, Gold, etc). The telco is still reportedly coordinating with internal groups and is currently “collating their updates”.