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(NAR) VOL. 5 NO. 4 / OCTOBER - DECEMBER 1994
[ NTC MEMORANDUM CIRCULAR NO. 18-10-94, October 25, 1994 ]
SETTING THE MINIMUM PAID-IN CAPITAL REQUIRED FOR A COMPANY TO ENGAGE IN A PARTICULAR TELECOMMUNICATIONS SERVICE
A
International Gateway Facility (IGF) Operators
The IGF operators with obligations pursuant to EO 109 shall install at least 67% of the obligated LEC lines within the first two (2) years of its implementation. The IGF operators must have a paid-in capital of at least 30% of the investment required for the first two (2) years of implementation of the LEC projects broken down as follows:
Year 0 - 5%*
Year 1 - 10%
Year 2 - 15%
B
Cellular Mobile Telephone System (CMTS) Operators
Likewise, the CMTS operators with obligations pursuant to EO 109 shall install at least 50% of the obligated LEC lines within the first two (2) years of its implementation. The CMTS operators must have a paid-in capital of at least 30% of the investment required for the first two (2) years of implementation of the LEC projects broken down as follows:
Year 0 - 5%*
Year 1 - 10%
Year 2 - 15%
* Year 0 (upon approval of the application)
Paid-in capital shall refer to the sum of the paid-up capital and the additional paid-in capital.
This circular shall take effect immediately.
Adopted: 25 Oct. 1994
(SGD.) SIMEON L. KINTANAR
Commissioner