Go to court?

Go to court?
Certainly, there would be no free switch of possession of belongings from Liberty Telecoms to BelTel. Otherwise, the general public stockholders of Liberty Telecoms would have a justifiable cause to are seeking for the intervention of regulatory government. They ought to query the loss of the price of their holdings in Liberty Telecoms.

The final choice that remains for the general public stockholders of Liberty Telecoms to take is to go to courtroom. However, who among them will initiate a felony warfare in opposition to Globe Telecom and PLDT? Suing them could be like pitting David in opposition to two marketplace Goliaths. Besides, this will entail legal professionals’ expenses.

What then ought to the general public do? Wait for the stock alternate to delist Liberty Telecoms?

A greater appreciative Securities and Exchange Commission should have helped the public in opposition to PLDT and Globe Telecom. But it must be recalled how SEC chairperson, Teresita Herbosa, even defied the Supreme Court that ordered her to penalize PLDT as a result for violating the 60:40 percentage ownership law in want of Filipinos.

Instead of punishing PLDT for defying the provision of the Constitution on ownership of telecom organizations, the SEC, led by means of chairperson Herbosa, allowed the Indonesian-controlled First Pacific Co. Ltd. To difficulty 150 million voting preferred shares to dilute foreigners’ possession control to legally allowable stage.

Share swap

Share swap
The least PLDT and Globe Telecom should do and need to do is to allow the general public stockholders of Liberty Telecoms to take part inside the possession of BelTel’s telecom property. Why not provide the public to swap their LIB shares with BelTel stocks?. In this manner, a low buyout offer of P2.20 per share could be out of the query. Instead, most effective the mode of share alternate might have to be taken into consideration.

Will the proportion change be on one-to-one foundation? The answer to this will rely upon the valuation of LIB stocks and BelTel’s shares, which, in turn, could determine the fee of Liberty Telecoms’ telecom belongings. This could be tantamount to a public exposure of what must were hidden until the inventory change would delist Liberty Telecoms.

Even the SEC could have agreed to a percentage swap because the public would not be deprived of their holdings. Besides, they would turn out to be owning a piece of BelTel as Vega’s telecom unit.

Another possible alternative is for BelTel to grow to be a joint venture of Liberty Telecoms and Vega. At this time, Liberty Telecoms has but to decide on the conversion into fairness of its telecom property for lack of valuation.