A lawmaker has urged the National Telecommunications Commission to pay interest on top of the refund of P0.20 per SMS message and increase the fine on telcos that refuse to implement the NTC decision lowering SMS rates to P0.80 from P1.00 since 2011.

Besides the P7.3 billion refund, he said the telcos should pay P438 million in interest to subscribers, and the daily fine should be increased to P20,000 a day from P200 a day.

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