Malaya Business Insight writes that dominant operator Philippine Long Distance Telephone Company (PLDT) says it expects to recoup up to PHP1 billion (USD23 million) from the sale of its unit, Connectivity Unlimited Resources Enterprise’s (CURE’s), 3G mobile frequencies. PLDT president Napoleon Nazareno is quoted as saying: ‘That’s still being studied ... most likely it should be within a billion peso in that neighbourhood, that is the cost.
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OVETEL PLDT to recoup up to PHP1bn from sale of CURE 3G frequencies
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