Court orders recomputation of supervision fee on PT&T

/ 04:14 AM December 13, 2019

The Court of Appeals has ordered the National Telecommunications Commission (NTC) to recompute the supervision and regulation fee (SRF) it had slapped on Philippine Telegraph & Telephone Corp. (PT&T) in 2018 ahead of what was then a highly anticipated bidding for the third telecommunication player slot.

To recall, PT&T questioned P444 million in SRF charged by NTC for 2002 to 2017.


“The computation of NTC is incorrect since it is based on its erroneous interpretation of what constitutes PT&T’s paid-up capital,” PT&T said in a disclosure to the Philippine Stock Exchange on Thursday.

The CA rendered a decision remanding the case to NTC and further requiring NTC to recompute the SRF due from PT&T, the company said.


But considering that the decision is not yet final and executory, PT&T said there was no material impact on it yet.

The NTC, however, cited PT&T’s failure to contest the computation within the time allowed.

PT&T, a telco pioneer established in 1962, is moving into the digital services business following the entry of new shareholders. —Doris Dumlao-Abadilla

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Philippine Telegraph & Telephone Corp., PTT
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.