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NTC's order recalling frequencies has 'no additional impact', says ABS-CBN

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ABS-CBN News

MANILA - ABS-CBN Corp said Monday the National Telecommunications Commission&#x27;s order to recall frequencies previously assigned to ABS-CBN Corp and ABS-CBN Convergence Inc has &quot;no additional impact&quot; to the company.&quot;The recall of the frequencies has no additional impact on ABS-CBN Corporation,&quot; the company said in a disclosure to the stock exchange. The full impact of the non-renewal of the franchise has been discussed in a disclosure last July, it said. The NTC on Sept. 10 released to the media the order recalling the frequencies assigned to ABS-CBN, which it said was “warranted” in the absence of a legislative franchise. ABS-CBN said it received a copy of the decision on Sept. 11.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/09/10/20/ntc-recalls-frequencies-channels-assigned-to-abs-cbn">NTC recalls frequencies, channels assigned to ABS-CBN</a></li></ul>The NTC in May issued a cease and desist order, shutting down all free TV and radio channels of ABS-CBN after its franchise expired on May 4. Its application for a fresh 25-year franchise was <a href="https://news.abs-cbn.com/news/07/10/20/house-committee-denies-abs-cbn-a-new-franchise">denied</a> by the House of Representative&#x27;s Committee on Legislative Franchises, which led to thousands being retrenched as several of its departments had to close.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/spotlight/05/15/20/abs-cbn-broadcast-shutdown-leaves-void-during-coronavirus-crisis">ABS-CBN broadcast shutdown leaves void during coronavirus crisis</a></li></ul><div>news.abs-cbn.com is the official news website of ABS-CBN Corp. which is part of the Lopez Group of Companies.</div>

ABS-CBN Corp said Monday the National Telecommunications Commission's order to recall frequencies previously assigned to ABS-CBN Corp and ABS-CBN Convergence Inc has "no additional impact" to the company.

ABS-CBN Corp said Monday the National Telecommunications Commission's order to recall frequencies previously assigned to ABS-CBN Corp and ABS-CBN Convergence Inc has "no additional impact" to the company.