Dennis Uy's Udenna says ABS-CBN frequency acquisition rumors 'completely false'

ABS-CBN News

Posted at Jul 15 2020 04:05 PM

Dennis Uy during a House hearing on Mislatel. ABS-CBN News

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.