Statement on DITO’s defaulted Php430 million obligation owed to PLDT

Submitted by ebmendoza on Sun, 10/09/2022 - 13:41

[09 October 2022] DITO Telecommunity Corporation (DITO) has issued a 7 October 2022 statement responding to the media coverage of PLDT Inc.’s 6 October 2022 mandatory disclosure to the Philippine Stock Exchange (PSE) and Securities and Exchange Commission (SEC) reporting DITO’s defaulted Php430 million obligation owed to PLDT. DITO has resorted to squid tactics to mislead the public about this unpaid obligation.

 The facts are simple:

DITO SERVED NOTICE OF BREACH BY PLDT FOR NON-PAYMENT OF PhP429.7 M IN SERVICE FEES

Submitted by mcco on Fri, 10/07/2022 - 15:41
In a disclosure to the Philippine Stock Exchange (PSE) on October 6, 2022, PLDT Inc. informed the PSE that it had, on the same date, sent DITO Telecommunity Corporation (DITO) a Notice of Material Breach and Demand for Payment as a result of DITO’s refusal to pay  Php429,726,315.79 for contracted services which PLDT has fully performed and delivered to DITO.

Statement of SMART Communications, Inc.

Submitted by mcco on Sat, 08/27/2022 - 11:12
Smart Communications, Inc. (“SMART”) welcomes the opportunity to reaffirm before the Philippine Competition Commission (“PCC”) its commitment to fostering healthy competition in the telco sector, and affirms its willingness to assist and cooperate in the Preliminary Inquiry that the PCC’s Competition Enforcement Office has announced in relation to a reported DITO Telecommunity Corporation (“DITO”) complaint.

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