Zed wants NTC issue settled, welcomes probe
MANILA, Philippines -- Mobile phone content aggregator Zed Philippines on Wednesday welcomed the investigation by the House committee on information and communication technology on value-added service providers.
Zed country manager Jay Paolo Adevoso said in a press statement, ‘‘this is welcome development as Zed has been trying to resolve this issue with the National Telecommunications Commission (NTC) for some time now as we are committed to complying with all official rules, regulations and laws of the country.”
Zed, a Spanish company, was invited to the hearing to answer allegations in House Resolution No. 399 co-authored by Representatives Justin Chipeco and Florencio Noel that the company is not registered with the NTC and does not comply with the 60-40 nationality capital structure requirement for VAS providers.
Representative Joseph Santiago, committee chair and himself a former commissioner of the NTC, said there is a need to cure some ambiguities as technology has already overtaken some provisions of Republic Act 7925.
He said the committee is dismayed with the lack of cooperation of NTC commissioners and vowed to issue a subpoena should they fail to appear in succeeding hearings. He said that for as long as the issue with the NTC is not resolved, investors will not come because of the uncertainty of the business environment.
Chipeco said there is a need to look at the definition of a value-added service (VAS) provider as there is no distinction with that of a content provider. He added that this ambiguity is open to the interpretation of the NTC.
Representative Teddy Boy Locsin said he sent a letter to NTC Commissioner Ruel Canobas to inquire about the legal basis for the 60-40 nationality capital structure requirement. He asked the NTC representative why another foreign operator, Information Gateway, was allowed to register but did not accord the same privilege to Zed.
Philippine Daily Inquirer
Zed country manager Jay Paolo Adevoso said in a press statement, ‘‘this is welcome development as Zed has been trying to resolve this issue with the National Telecommunications Commission (NTC) for some time now as we are committed to complying with all official rules, regulations and laws of the country.”
Zed, a Spanish company, was invited to the hearing to answer allegations in House Resolution No. 399 co-authored by Representatives Justin Chipeco and Florencio Noel that the company is not registered with the NTC and does not comply with the 60-40 nationality capital structure requirement for VAS providers.
Representative Joseph Santiago, committee chair and himself a former commissioner of the NTC, said there is a need to cure some ambiguities as technology has already overtaken some provisions of Republic Act 7925.
He said the committee is dismayed with the lack of cooperation of NTC commissioners and vowed to issue a subpoena should they fail to appear in succeeding hearings. He said that for as long as the issue with the NTC is not resolved, investors will not come because of the uncertainty of the business environment.
Chipeco said there is a need to look at the definition of a value-added service (VAS) provider as there is no distinction with that of a content provider. He added that this ambiguity is open to the interpretation of the NTC.
Representative Teddy Boy Locsin said he sent a letter to NTC Commissioner Ruel Canobas to inquire about the legal basis for the 60-40 nationality capital structure requirement. He asked the NTC representative why another foreign operator, Information Gateway, was allowed to register but did not accord the same privilege to Zed.
Philippine Daily Inquirer
posted by OlongapoCity Zambales at
3:53 AM
Resolutions, Meeting Agenda, Minutes of Board Meeting and other pertinent information regarding the transparent conduct of the board are posted here for ready reference
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