NOW Corp. mulls lawsuit vs acting DICT chief

NOW Corp. could file charges against acting Department of Information and Communications Technology (DICT) chief Eliseo Rio over allegedly “reckless” remarks that caused the listed firm’s share price to plunge.

Affiliate NOW Telecom Co., Inc. has questioned fees imposed by the government for the third telco search and Rio last week said that P1 million paid by NOW for selection documents “may have significantly cost NOW Telecom’s mother company, NOW Corp., of its operational income which only stood at P6.3 million in 2017.”