PLDT Inc. demands that DITO Telecommunity Corporation (DITO) cough up P430 million for "contracted services which PLDT has fully performed and delivered".
In a disclosure to the Philippine Stock Exchange (PSE) on Oct. 6, 2022, PLDT Inc. Informed the former that it had, on the same date, sent DITO a Notice of Material Breach and Demand for Payment.
This was after DITO refused to pay P429,726,315.79 for PLDT's contracted services relating to the building and provisioning of transmission facilities that DITO is currently using to deliver telecom services to its subscribers.
DITO has thirty days from receipt of the Notice of Material Breach, or until Nov. 4, 2022, to remedy the breach and pay the P429.7 Million owed to PLDT.
If not, PLDT will exercise all of its rights under law and contract to protect its interests, including suspension or termination of the parties’ service agreement.
DITO has yet to issue a statement as of press time.