Globe Telecom has filed a case before the Court of Appeals to preserve the multi-billion peso deal which will allow the telecommunications company to immediately use the underutilized frequencies owned by SMC for public benefit.<\/p>\n
In its petition for certiorari, prohibition and mandamus with prayer for a temporary restraining order, Globe emphasized that when the acquisition was made in late May of this year, the parties have strictly followed the provisions of Sections 4 and 5 of the PCC Memorandum Circular No. 16-002.\u00a0 Under the MC, the deal is deemed approved if they are \u201cconsummated after the effectivity of the memorandum circular but before the effectivity of the implementing rules and regulations.\u201d The PCC however chose to disregard this and took the position it is not bound by its own rules.<\/p>\n
Globe claims that under the own rules of the PCC, the transaction is already \u201cdeemed approved\u201d, and the PCC cannot by whim or caprice state that it wants a review without any legal basis.\u00a0 The PCC cannot withhold and block the transaction out of a process not found in their own rules, and not disclosed to the public.<\/p>\n
Despite this Petition, Globe continues to roll out using the co-used spectrum with the joint buyout of San Miguel\u2019s telco assets, as the company is committed in improving the internet experience of its customers. Specifically, the company is activating the 700 MHz frequency spectrum in about 500 based stations in various parts of the country. Globe is also making use of its additional allocation in the 2600 MHz band to provide additional layer for its LTE network for faster data connectivity.<\/p>\n
Globe further insists that there is nothing anti-competitive with the transaction to warrant its disapproval.\u00a0 In fact, the immediate use of the underutilized frequencies have spurred a series of competitive data offers that drastically brought down prices of mobile data for prepaid customers.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Globe Telecom has filed a case before the Court of Appeals to preserve the multi-billion peso deal which will allow the telecommunications company to immediately use the underutilized frequencies owned by SMC for public benefit. In its petition for certiorari, prohibition and mandamus with prayer for a temporary restraining order, Globe emphasized that when the […]<\/p>\n","protected":false},"author":6,"featured_media":22833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[4433,33,4476],"class_list":["post-23297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-700-mhz","tag-globe-telecom","tag-philippine-competition-commission"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/23297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=23297"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/23297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/22833"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=23297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=23297"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=23297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}