C07286-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,806,726,314 |
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Subject of the Disclosure |
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Decision of the Court of Appeals |
Background/Description of the Disclosure |
On 04 October 2023, NOW Corporation, through its President and CEO, was informed by its associate NOW Telecom Company, Inc., through its President and COO, that NOW Telecom has received a copy of the Decision of the Special Ninth Division of the Court of Appeals in connection with the Petition for Mandamus filed by NOW Telecom seeking to compel the National Telecommunications Commission and its Chairman to comply with the Resolution dated 01 March 2021 and Order of Automatic Approval dated 01 March 2021 issued by the Anti-Red Tape Authority (ARTA) which deemed automatically approved by operation of law NOW Telecom’s application for Provisional Authority to operate in certain frequency ranges. In dismissing the Petition for Madamus, the Court, in its decision, refrained from intervening in the “questioned’’ discretionary functions and prerogatives of the Executive department. NOW Corporation is not a party to the case. |
Other Relevant Information |
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Name | Angeline Macasaet |
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Designation | Corporate Secretary |