GLOBE UNIT SEEKS HIKE IN WIRELINE CHARGES
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 adjustments.
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) and Digitel.
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 services.
Chief News Editor: Sol Jose Vanzi
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