PHILIPPINE LONG DISTANCE TELEPHONE CO. [PLDT] vs. THE NATIONAL TELECOMMUNICATIONS COMMISSION AND CELLCOM, INC
PHILIPPINE LONG DISTANCE TELEPHONE CO. [PLDT] vs. THE NATIONAL TELECOMMUNICATIONS COMMISSION AND CELLCOM, INC., (EXPRESS TELECOMMUNICATIONS CO., INC. [ETCI]) G.R. No. 88404 October 18, 1990 Facts: 1. Rep. Act No. 2090, was enacted, Granting Felix Alberto and Company, Incorporated, a Franchise to Establish Radio Stations for Domestic and Transoceanic Telecommunications. 2. Felix Alberto & Co., Inc. (FACI) was the original corporate name, which was changed to ETCI with the amendment of the Articles of Incorporation in 1964. 3. ETCI admits that in 1964, the Albertos, as original owners of more than 40% of the outstanding capital stock sold their holdings to the Orbes. 4. In 1968, the Albertos re-acquired the shares they had sold to the Orbes. 5. In 1987, the Albertos sold more than 40% of their shares to HoracioYalun...