MANILA - PLDT Inc has returned one of its frequencies to the government as the country prepares for the entry of a third telco player, Department of Information and Communications Technology officer-in-charge Eliseo Rio said Saturday.
"PLDT has fully complied with its divestment of 10 Mhz of the 3G radio frequency that was previously assigned with CURE. This frequency is now available to a new major telco player," Rio said in a Facebook post showing a scanned copy of PLDT's letter to the National Telecommunications Commission.
The letter, dated March 5, 2018 and signed by PLDT President Manny Pangilinan, assured the government that the company is "waiving its right" to seek compensation for returning the frequency.
"The new assignee of the affected frequency shall have no obligation to reimburse the PLDT group for any of the said costs," it read.
PLDT's mobile unit Smart acquired the CURE frequency in 2007 and used it to launch the now defunct Red Mobile.
PLDT gave up the frequency a month after President Rodrigo Duterte said tax auditors would be sent to telecommunications companies that insist on selling their frequencies to the government, instead of returning it for free.
Duterte had been pushing for the entry of a third telco company to break the PLDT and Globe Telecom duopoly, and improve internet services in the country.