GLOBE UNIT SEEKS HIKE IN WIRELINE
MANILA, March 24, 2006 (MANILA TIMES) By Darwin G. Amojelar,
Reporter - INNOVE Communications Inc., the wireline subsidiary
of Ayala family-led Globe Telecom Inc., plans to increase
service charges for landline subscribers due to foreign currency
In a filing with the National Telecommunications Commission (NTC),
Innove, third ranked in terms of market share, said its currency
exchange rate adjustment (CERA) has increased by 265.8 percent.
As of March, the dollar cost Innove some P51.82 against the base
rate of P25.24 in 1996.
The telco therefore plans to charge P293.63 for residential
lines and P635.85 for business subscribers.
Subscribers with trunklines would be charged P603.80 for
residential lines and P1,237 for business lines.
For Globelines ISDN (Integrated Services Digital Network)
subscribers, the firm will charge P1,237 a month.
The company earlier obtained an authority to offer unlimited
Internet service from P300 to P800 in addition to the monthly
service fee for voice service.
Also, Innove cut its international call rates in a move to
entice subscribers of rival telcos.
It trails market leader Philippine Long Distance Telephone Co. (PLDT)
Innove said its international direct dialing (IDD) rate is the
lowest in the country at only P4.50 a minute.
The company said this is available to customers using any
Globelines landline or payphone using the Globe1 prepaid card.
Innove provides residential and business wireline services,
voice services for postpaid and prepaid telephone lines, IDD,
national direct dial, fax and state-of-the-art Internet
Chief News Editor: Sol Jose Vanzi
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