PLDT chair puzzled over NTC’s competition regulatory policy

Another interesting story from INQ7.net Infotech: The National Telecommunications Commission (NTC) is now revisiting a competition regulatory policy that is strongly opposed by dominant carrier Philippine Long Distance Telephone Co. (PLDT). The company’s chairman Manuel Pangilinan did not mince words, as he stressed this is a “western concept” being imported by the government to the Philippines. Other executives said this will discourage future investments.

Read the rest of the story.

Excerpt:

PHILIPPINE Long Distance Telephone Co. (PLDT) chairman Manuel Pangilinan said he was “puzzled” over a proposed National Telecommunications Commission (NTC) competition regulatory policy framework.

Not mincing words, Pangilinan stressed that the NTC is “importing Western concepts” that do not apply to the Philippines.

“Maybe it sounds good in the foreign press. But the present regulatory framework is working well. So we just don’t understand the logic of the policy,” the PLDT chairman added.

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Erwin Oliva

Putting a dent on the universe one day at a time