#cure

or CURE. The telco's mobile unit Smart acquired the CURE frequency in 2007 and used it to launch the now defunct Red Mobile. PLDT is reportedly returning the CURE frequencies to the NTC by the instruction of President Rodrigo Duterte. The report came via a Facebook post of DICT Undersecretary and OIC of DICT, Eliseo Rio Jr., who also detailed the history of PLDT's acquisition and divestiture of CURE. Four of the five slots were awarded to Globe, Smart/PLDT, SUN, and CURE. Two years later, PLDT bought CURE and made it into RED mobile. Then in 2011, PLDT acquired SUN Cellular which prompted a series of events that compelled the Telco to divest CURE. This is because CURE has an NTC license for a 3G band so they cannot operate outside of their frequency. On April 28, 2008, PLDT disclosed to the SEC that it has bought CURE from Bobby Ongpin for a total amount of Php419.54 million and along with it, the allocation of 10 Mhz in the 2100 Mhz band. Read more in our articles including "PLDT returns frequency for third telco player" and "PLDT to return frequencies for new telco player".