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SC upholds orders of NTC against 3G bid of 4 telcos

The Supreme Court’s (SC) Second Division has affirmed the 2005 and 2008 orders of the National Telecommunications Commission (NTC) disqualifying Next Mobile Inc., currently operating as Now Telecom, and three other companies from securing 3G frequency slots. The three other disqualified telcos are then Lopez-owned Bayan Telecommunications (BayanTel), Multi-Media Telephony…
Justice Marvic Leonen China Telecom Supreme Court Sc Second Division Chelsea Holdings Dito Telecom Bayan Telecommunications Bayantel

Now Corp chairman eyes tower lease opportunity and mobile launch

Now Corporation sees its rivals selling off tower assets to independent tower companies as an opportunity for its enterprise broadband provider unit Now Telecom to expand its coverage through leasing deals, and eventually launch its consumer mobile business in two years.
United States Comunidad Autonoma De Cataluna Mel Velarde Globe Telecom During Mobile World Congress Barcelona World Congress Barcelona

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Regulator upholds fines against Now | Lorenz S. Marasigan

The Securities and Exchange Commission (SEC) has upheld the imposition of fines on listed telecommunications provider Now Corp. and its CEO Mel Velarde for what it deemed as “misleading” disclosures regarding Now Telecom’s P2.6-billion unpaid obligation to the government. The SEC’s Enforcement and Investor Protection Department rejected Now Corp. and…
Mel Velarde Investor Protection Department Exchange Commission National Telecommunications Commission Supreme Court Now Telecom

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