Author Topic: Good Bye RED MOBILE  (Read 859 times)

0 Members and 1 Guest are viewing this topic.

AdGeek

  • Hero Member
  • *****
  • Posts: 661
  • Karma: +1/-0
    • View Profile
Good Bye RED MOBILE
« on: August 01, 2012, 10:48:00 AM »
 Say goodbye to Red Mobile!

PLDT President ‘Napoleon Nazareno’ has revealed that they’ll be cutting the strings off of its subsidiary CURE (Connectivity Unlimited Resource Enterprises Inc.) otherwise known as Red Mobile by the end of the month.

The spectrum used by Red Mobile will be released back to the National Telecommunications Commission as a part of the conditions set by the regulators upon the acquisition of Digital Telecommunications Philippines back in October 2011.

So far, they’ve already migrated about 1.1 million subscribers of the soon-to-be-defunct network to Smart Communications Inc. — another subsidiary of PLDT — which is about 85% of its 1.3 million total user base. PLDT currently owns four mobile phone networks, mainly Smart, Talk ‘N Txt, Red Mobile and its newest ‘foster child’ Sun Cellular.


Source : Check it here.

According to Interaksyon, CURE’s 10 megahertz 3G frequency remnants will be returned to NTC for bidding, the proceeds of which will then be shared by both PLDT and NTC to recover the telecom’s costs plus half of the amount in excess of its investments.

{source}

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

Good Bye RED MOBILE
« on: August 01, 2012, 10:48:00 AM »

Mountain View

 

Related Topics

  Subject / Started by Replies Views Last post
0
688
Last post June 09, 2012, 02:13:32 PM
by AdGeek
0
1067
Last post August 14, 2012, 01:06:16 AM
by AdGeek
0
778
Last post December 03, 2012, 05:24:15 PM
by AdGeek
0
1206
Last post February 17, 2015, 04:57:23 PM
by PesoRepublic
0
566
Last post September 22, 2015, 01:56:32 PM
by theKimmy

Posting Disclaimer: Any individual may post a message in this forum and may do so anonymously. Therefore, the sole author is exclusively and entirely responsible for all opinions in that message. They do not represent the official opinions of PesoRepublic , its administrators or moderators or the PesoRepublic Management. PesoRepublic is merely acting as an impartial conduit for constitutionally protected free speech and is not responsible and will not be held liable for the content of such messages. Community & Groups - Top Blogs Philippines