InfiniVAN's Telecommunications License, Capital Increase and Listing Obligation
First written in FY2018. 4 of 11 entries say "Mitigated", first in FY2019-Q3. Latest entry: 2026-08-13.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「The capital increase obligations imposed on the company by these 2 PAs have already been fulfilled, and both PAs have been renewed.」
While reconfirming that the capital increase obligations associated with InfiniVAN's 2 PAs have been fulfilled and that the PAs have been renewed, the company continues to apply for further renewals and an extension of the deadline for the obligation to offer shares to the public. - FY2022MitigatedAnnual report
「The capital increase obligations imposed on the company by these 2 PAs have already been fulfilled, and both PAs have been renewed. The PA for the CPCN in Luzon expires on 10 May 2023, while the PA for the CPCN in the Visayas and Mindanao regions expires on 10 March 2023.」
In addition to disclosing the fulfillment of the capital increase obligations associated with InfiniVAN's 2 PAs and the completion of both renewals and their expiry dates, the company states that its previous exposure to licence renewals and capital increase obligations has been further reduced. The obligation to offer shares to the public and list them within 5 years continues to be disclosed. - FY2020MitigatedAnnual report
「The capital increase obligations imposed on the company by these 2 PAs have already been fulfilled, and the PA for the Visayas and Mindanao regions is currently undergoing the renewal process.」
The capital increase obligations associated with the 2 PAs for Luzon and the Visayas and Mindanao regions have been fulfilled. The PA for Luzon was renewed in May 2019, while the PA for the Visayas and Mindanao regions is undergoing the renewal process. - FY2020-Q2RestatedAnnual report
「The capital contribution obligation has been fulfilled, and the PA renewal process began in April 2019. In September 2018, the company obtained a PA for a CPCN in the Visayas and Mindanao regions and became subject to obligations including a capital increase of approximately PHP185 million. R.A. 10898, which grants InfiniVAN, Inc. the right to operate a telecommunications business, requires the company to offer at least 30% of its shares to the public and list them on the Philippine stock market within 5 years of commencing operations. If the shares are not listed within that period, the right to operate the telecommunications business will become void.」
While reiterating that the capital contribution obligation associated with the PA for Luzon has been fulfilled and that the renewal process has begun, the company continues to disclose the obligation to carry out a capital increase of approximately PHP185 million associated with the PA for the Visayas and Mindanao regions, as well as the obligation to offer at least 30% of its shares to the public and list them within 5 years of commencing operations. - FY2020-Q1MitigatedAnnual report
「The capital contribution obligation has been fulfilled, and the PA renewal process began in April 2019.」
The obligation to carry out a capital increase of at least approximately PHP305 million associated with the PA obtained in November 2017 was fulfilled, and the PA renewal process began in April 2019. Meanwhile, the obligation to carry out a capital increase of approximately PHP185 million associated with the PA for the Visayas and Mindanao regions and the listing obligation continue to be disclosed. - FY2019RestatedAnnual report
「The requirements for the capital increase obligation associated with the CPCN PA obtained in November 2017 were satisfied through the capital increase carried out in November 2018. R.A. 10898, which grants InfiniVAN, Inc. the right to operate a telecommunications business, requires the company to offer at least 30% of its shares to the public and list them on the Philippine stock market within 5 years of commencing operations. If the shares are not listed within that period, the right to operate the telecommunications business will become void.」
Although the company states that the obligation to carry out a capital increase of approximately PHP305 million in connection with the PA for Luzon has been satisfied, it continues to disclose the obligation to carry out a capital increase of approximately PHP185 million associated with the PA for the Visayas and Mindanao regions, as well as the obligation to offer at least 30% of its shares to the public and list them within 5 years of commencing operations. - FY2019-Q3MitigatedAnnual report
「In September 2018, the company obtained a PA for a CPCN in the Visayas and Mindanao regions and became subject to obligations including a capital increase of approximately PHP185 million. The capital increase carried out in November 2018 satisfied the requirements for the capital increase obligation associated with the CPCN PA obtained in November 2017.」
The obligation to carry out a capital increase of at least approximately PHP305 million in connection with the CPCN PA obtained in November 2017 was satisfied through the capital increase carried out in November 2018. The obligation to carry out a capital increase of approximately PHP185 million associated with the PA for the Visayas and Mindanao regions obtained in September 2018 remains outstanding. - FY2019-Q2WorsenedAnnual report
「In September 2018, the company obtained a PA for a CPCN in the Visayas and Mindanao regions and became subject to obligations including a capital increase of approximately PHP185 million.」
The company newly disclosed an obligation to carry out a capital increase of approximately PHP185 million in connection with obtaining the PA for the Visayas and Mindanao regions, expanding the geographic scope and coverage of the capital obligations associated with its telecommunications licences. - FY2018First statedAnnual report
「The PA was valid for 18 months from 10 November 2017. InfiniVAN, Inc. was required, among other things, to carry out a capital increase of at least approximately PHP305 million within 1 year of obtaining the PA. The conditions stipulated that failure to meet the capital increase obligation would prevent renewal or extension of the PA.」
The company discloses as risks the PA's 18-month validity period, the obligation to carry out a capital increase of at least approximately PHP305 million within 1 year of obtaining it, and the obligation to offer at least 30% of its shares to the public and list them within 5 years of commencing operations.