Makati lifts Smart closure order after compromise deal, PLDT says

THE local government of Makati City has lifted the closure order against carrier PLDT’s mobile telecommunications arm Smart Communications Inc. after the two parties entered into a compromise deal.

PLDT in a disclosure to the Philippine Stock Exchange said the Makati City government issued an order dated March 2 lifting the February 27 closure order against Smart, GMA News reported.

On Monday, the Makati City LGU shut down Smart’s headquarters in Barangay San Lorenzo on Ayala Avenue for allegedly violating Section 4A.01 of the Revised Makati Revenue Code or City Ordinance No. 2004A-025 as it failed to settle its P3.2-billion franchise tax deficiency from January 2012 to December 2015 and for reportedly operating without a business permit since 2019.

On March 1, Smart said it has already submitted the documents requested by the