Supreme Court denies Now Telecom's petition to enter the Philippines' telecom industry, upholding NTC circular.
The Supreme Court has denied Now Telecom Company Inc.'s petition to become one of the Philippines' major players in the telecommunications industry, effectively shutting down its bid. The 15-page ruling by the Supreme Court's First Division affirmed the Court of Appeals' decision, which in turn upheld a trial court decision from 2018. The NTC circular, which imposed certain qualifications and restrictions for new major players in the industry, was upheld as well.
March 10, 2024
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