The National Telecommunications Commission (NTC) is projected to exceed its revenue target by P2 billion this year.
NTC, an agency under the Department of Information and Communications Technology, said it already exceeded its P4.8-billion revenue target this year by P1.4 billion, with actual collections amounting to P6.1 billion as of October 14.
Gamaliel Cordoba, NTC commissioner, said the agency will continue to work to surpass its collection target by as much as P2 billion by yearend.
This is the fourth straight year that NTC has exceeded its collection target under the Duterte administration.
In 2018, the NTC also surpassed its target by P1.8 billion.
“This year’s achievement is NTC’s way of showing its full support to the national government and the public service programs pushed by President Rodrigo Roa Duterte – priorities of which are on infrastructure, agriculture and rural development, and peace and order,” Cordoba said.
NTC attributed its performance to a concerted effort to strictly enforce stakeholders’ compliance in remitting spectrum users’ fees, supervision and regulation fees, and penalties.
Stakeholders regulated by the NTC include cable and commercial television operators, broadcast radio stations, telecom companies, and commercial and portable radio operators.