Since late 2011, the SMS rates of telcos should have been at Php0.80 per text message as ordered by the National Telecommunications Commission. Failing to comply, local telcos have been required by the NTC to refund the multibillion-peso amount to their subscribers. Now, said telcos have approached the Court of Appeals to stop the Php7 billion refund and the reduced rate of Php0.80.
Earlier this month, the NTC has junked the telcos’ motions for reconsideration, and now they are applying for a temporary restraining order (TRO) against the refund.
We wondered how telcos can possibly refund the multi-billion peso amount to the subscribers a few weeks ago, and we have an article dedicated for that right here.