MANILA - Udenna Corp said Wednesday the rumors circulating that it was interested in acquiring the frequencies of shuttered ABS-CBN broadcast operations were "unfounded and completely false."
Udenna is consistent in stating that the company's priorities "do not include broadcasting," Udenna group spokesperson Raymond Zorilla said in a statement.
"It has come to our attention that there have been certain speculations going around on social media saying that the Udenna Group is associated with a reported broadcasting entity interested in acquiring the broadcast frequencies left behind by ABS-CBN. These are unfounded and completely false," Zorilla said.
ABS-CBN's free TV, and AM and FM radio operations were shutdown after the House Committee on Legislative Franchises voted to "kill" the network's application for another 25-year franchise.
Davao-based tycoon Dennis Uy, a known supporter of President Rodrigo Duterte, earlier said he was not interested in buying ABS-CBN.
Uy's Udenna Corp and Chelsea Logistics with China Telecom are part of the third telecommunications player Dito Telecommunity.