THE National Telecommunications Commission (NTC) has approved the transfer of Touch Mobile (TM), the cellular brand of Innove Communications Inc., to Globe Telecom.

Globe, in a statement, said the commission approved last May 9, the assignment by its wholly-owned subsidiary, Innove, of its TM consumer prepaid subscriber contracts in favor of Globe.

As a result, all consumer mobile subscribers using both Globe and TM brands and products will now be managed by Globe. The more than 8  million consumer prepaid subscribers of Innove CMTS (cellular-mobile telephone system)  will enjoy the benefits of the superior services, authorized tariffs and promotions of Globe, without any diminution of whatever benefits they may currently be enjoying under their contracts.

Ferdinand de la Cruz, Globe consumer wireless business head, said this will enable the company to build on the synergies created by the earlier integration of the Globe and Innove wireless networks.

It will also better address the market demand with more focused services better tailored to the needs of subscriber segments. “We are very excited with this new development as this is a significant milestone for Globe and our subscribers. This will not only enable the company to further strengthen its market competitiveness, but also allow both Globe and TM subscribers to enjoy the benefits of superior products and services at a more affordable rates,” said de la Cruz.

“The transfer also paves the way for more convergent and complementary services to both Globe and TM subscribers market while Globe targets a different class. But in terms of promos, the customers of both brands will enjoy the same offerings,” said Cherry Chan-Tan, Globe investors relations head, in a phone interview.

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THE National Telecommunications Commission (NTC) has approved the transfer of Touch Mobile (TM), the cellular brand of Innove Communications Inc., to Globe Telecom.

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This is a situation where the propriety of the appointment of an Interim Management Committee prior to the enactment of Republic Act 8799 (Securities Regulation Code) was the subject of a petition for review on certiorari.