PT&T takes regulators to court over fees 2 SHARES Share it! The company already paid P20.57 million Spectrum Users Fee (SUF) to NTC from 2003 to 2018 and the uncontested P10.27 million SRF for 2018, according to James Velasquez, president, and chief executive of PT&T. “While PT&T is required to pay an annual SRF, the amount PT&T is being required to pay under the September 28, 2018 Decision of the NTC is erroneous for it was computed by the NTC based on the wrong paid-up capital of PT&T,” he stated. Telecom and broadcast companies pay an SRF of P0.50 for every P100 of paid capital. “We already filed a petition before the Court of Appeals contesting only the amount used as basis to compute the fees,” Velasquez maintained.

Source: Manila Bulletin October 02, 2018 09:00 UTC