Trolling PLDT, Globe, Smart and Sun!
Multi-Media Telephony Incorporated (MTI) just lost the opportunity to bid-fight versus the big players. The Court of Appeals has denied MTI’s motion for reconsideration on a decision that junks its petition to void the NTC’s bidding activity for 3G frequency, or more specifically, to nullify the NTC’s “20 Point” threshold in determining qualified parties who [...]
The NTC, working in tandem with the Government Procurement Policy Board (GPPB), will set criteria that will be used in selecting an independent auditor that will help determine if PLDT’s asking price for CURE/Red Mobile and its third generation (3G) frequency is aboveboard. PLDT is also looking for its own auditor to join the party [...]
Seems like our Commission on Audit (COA) is not up for the challenge of helping the NTC determine the true value of CURE/Red Mobile, and so our dear regulator is looking to engage the services of a private auditing firm to see if PLDT’s declared Cost-Recovery Amount (CRA) is aboveboard or bullshit. Dennis Babaran, NTC [...]
The NTC declared that the floor price for the 3G frequency of Connectivity Unlimited Resources Enterprises (CURE) will be P1.6B which is around P500M less than PLDT’s asking price. But this is not final of course – not by a long shot. The NTC along with PLDT has agreed to consult a third party auditor [...]
Troll: This is a very big point of contention for Globe and San Miguel – the prime candidates for the bidding. Did PLDT overstate the value of CURE/Red Mobile to squeeze money from the bidders – or is the amount it quoted for cost recovery above board and legit. Well – only a full audit [...]
Troll: The gal. Someone somewhere thinks that money makes the world go round – well ok – it does to a degree – but still – a telcos greed when it comes to frequency can be a very scary thing, especially if it’s not moderated. PLDT is offering a whopping P5B to buy back the [...]
The NTC will release this week the final Terms of Reference (TOR) that will be used for the bidding of the 3G wireless frequency license of Smart’s defunct subsidiary, Connectivity Unlimited Resource Enterprises (Cure), aka Red Mobile. Note that PLDT has already defined a Cost-Recovery Fee (CRF) of P2.12B for the frequency which potential bidders [...]