The Business Mirror newspaper reports that the Filipino regulator, the National Telecommunications Commission (NTC), has approved the proposed sale and transfer of cash-strapped Bayan Telecommunications (Bayan’s) assets to fellow operator Multimedia Telephony Inc (MTI). The paper cites NTC commissioner Gamaliel Cordoba as saying that, having checked and reviewed the details of the application, the watchdog has given the go-ahead concerning ‘the omnibus application for authority to transfer local exchange carrier services (LEC), as well as for the issuance of provisional authority and for the issuance of a certificate of public convenience and necessity, in favour of MTI’.
View post:
OVETEL Regulator rubber stamps MTI’s acquisition of Bayan
No comments:
Post a Comment