MANILA, Philippines — The National Telecommunications Commission (NTC) has extended the provisional authority of NOW Telecom Company, Inc., the telecom affiliate of NOW Corporation, to install, operate, and maintain a nationwide mobile telecommunications system. “We are moving forward with the corporate restructuring of NOW Telecom to take it to the next level. NOW Corp. said its telco unit is among four firms with cellular mobile telephone service (CMTS) licenses in the country, alongside SMART, Globe, and DITO. According to NOW Telecom, the NTC also said that based on the company’s financial position, its debt-to-equity ratio complies with the 70-30 requirement of the commission. As the country’s “fourth telco,” NOW Telecom is currently public the stage for its public listing as well as its 5G or fifth-generation network rollout.

Source: Philippine Daily Inquirer September 21, 2020 07:07 UTC