PLDT duns DITO for P429-M debt

Another corporate entity owned by Davao-based businessman Dennis Uy is being compelled to settle a multimillion-peso obligation---and it has to be paid within 30 days to avoid further consequences. Pangilinan-led PLDT Inc., in a disclosure on Friday, has demanded DITO Telecommunity Corp. to pay P429.73 million for the former's unpaid contracted services provided to the third telco player. The telco giant said it had "fully performed and delivered" services "relating to the building and provisioning of transmission facilities that DITO required and is using for the delivery of telecommunication services to subscribers." PLDT said it had issued a notice of material breach and dema...

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