Monday, September 14, 2020

NTC's order recalling frequencies has 'no additional impact', says ABS-CBN

 ABS-CBN Corp said Monday the National Telecommunications Commission's order to recall frequencies previously assigned to ABS-CBN Corp and ABS-CBN Convergence Inc has "no additional impact" to the company.


"The recall of the frequencies has no additional impact on ABS-CBN Corporation," the company said in a disclosure to the stock exchange. 


The full impact of the non-renewal of the franchise has been discussed in a disclosure last July, it said. 



The NTC on Sept. 10 released to the media the order recalling the frequencies assigned to ABS-CBN, which it said was “warranted” in the absence of a legislative franchise. ABS-CBN said it received a copy of the decision on Sept. 11.


The NTC in May issued a cease and desist order, shutting down all free TV and radio channels of ABS-CBN after its franchise expired on May 4. 


https://news.abs-cbn.com/business/09/14/20/ntcs-order-recalling-frequencies-has-no-additional-impact-says-abs-cbn

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