In a disclosure to the Philippine Stock Exchange (PSE) on October 6, 2022, PLDT Inc. informed the PSE that it had, on the same date, sent DITO Telecommunity Corporation (DITO) a Notice of Material Breach and Demand for Payment as a result of DITO’s refusal to pay Php429,726,315.79 for contracted services which PLDT has fully performed and delivered to DITO, relating to the building and provisioning of transmission facilities that DITO is currently using for the delivery of telecommunication services to its subscribers.
DITO has thirty (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.
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