Billionaire Manny Villar to become next media tycoon after taking over ABS-CBN frequencies

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Billionaire Manny Villar to become next media tycoon after taking over ABS-CBN frequencies
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ICYMI: Billionaire Manny Villar to become next media tycoon after taking over ABS-CBN frequencies

, according to documents from the National Telecommunications Commission that were seen by the Inquirer.

Based on the NTC documents, Advanced Media was given a “test broadcast” permit to use the coveted Channel 2 spectrum last January 6 and provisional authority to use digital TV frequencies in Metro Manila and Mega Manila on Channel 16. The last time radio frequencies were awarded was during the rigorous 2018 bidding for the third telco license—which was bagged by Dito Telecommunity, a venture between Duterte campaign donor and business tycoon Dennis A. Uy and China Telecom.The NTC said the 18-month provisional authority to Advanced Media was reviewed by the Department of Justice and Office of the Executive Secretary, which issued a “no objection” on the assignment of the vacated and available frequencies last December 29.

Industry player Felipe Gozon, GMA Network Inc. chair and CEO, previously shared his views that the deadline would be extended anew due to the Philippines’ low adoption of digital TV.Democracy.Net.Ph co-founder Pierre Galla said the issuance of a temporary permit can be subject to “misuse.”

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