Court grants PT&T appeal for rehab exit

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The Philippine Telegraph and Telephone Corp. (PT&T) said the regional trial court (RTC) of Makati City has granted its appeal to leave its court-assisted corporate rehabilitation.

The company said in a disclosure to the stock exchange on Wednesday, Aug. 8, the Rehabilitation Court, or Makati RTC Branch 66, has “allowed to exit from rehabilitation subject to compliance with certain requirements in line with the approved Rehabilitation Plan.”

This development is in relation to PT&T’s request last week to exit rehabilitation to resume operations. — Denise A. Valdez