PLDT demands DITO to pay P429.7 million; 3rd player says disclosure 'misleading'

In a disclosure to the Philippine Stock Exchange on Friday, PLDT said that it sent DITO a Notice of Material Breach and Demand for Payment as a result of DITO’s refusal to pay P429,726,315.79 for contracted services fully performed and delivered.

“DITO has 30 days from receipt of the Notice of Material Breach, or until November 4, 2022, to remedy the breach and pay the P429.7 million owed to PLDT, otherwise PLDT will exercise all of its rights under law and contract to protect its interests, including suspension or termination of the parties’ service agreement,” it said.

Tamano said the parties had started talks to amicably resolve the issue but PLDT, in material breach of the dispute resolution mechanism under the parties’ agreement, still proceeded in pursuing this unreasonable claim.”

starring: MVP and Dennis Uy

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