PLDT appreciates DITO’s willingness to settle the P430 million debt.
PLDT, Inc. applauded DITO Telecommunity, Inc.’s recent declaration of its “openness” to amicably settle its outstanding contractual obligation to PLDT in PHP430 million.
According to a statement released by PLDT on Tuesday, the sum is intended to cover the cost of services that the business “continues to deliver.”
Even if the debtors are rival businesses, PLDT welcomes amicable account settlements, it stated.
Instead of fulfilling its contractual commitment to PLDT, it urged DITO to show “good faith” by ending claims of interconnection problems that call for an “unspecified legal process.”
It stated that DITO “must demonstrate its good faith by abandoning its attempts to pervert the course of justice and to mislead the public by arguing that PLDT’s efforts to collect on DITO’s debt are in some way an anti-competitive action.”
It hasn’t yet received a settlement offer from DITO.
If DITO does not correct the major breach by November 4th, PLDT “reserves all of its legal alternatives, including suspension or termination of services,” the company stated.
According to DITO’s chief administrative officer Adel Tamano, the company is seeking a peaceful resolution with PLDT regarding the purported PHP430 million unpaid services.
“We are undergoing a legal process… We value interconnectedness, Tamano remarked.
For allegedly refusing to pay off its debt for the development and deployment of the transmission facilities that DITO needs to provide services to its clients, PLDT had previously filed a notice of material breach against DITO.
PLDT threatened to sever its interconnection deal with DITO if the matter wasn’t resolved.
Also asserting that DITO owes them PHP622 million for breaking interconnection laws is Globe Telecom, Inc.
Before this, DITO filed complaints with the Philippine Competition Commission against Globe and Smart Communications, Inc. for claimed abuse of dominance due to interconnection concerns with the two largest telecommunications firms.
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