The controversial Konektadong Pinoy Bill has lapsed into law, Malacañang confirmed on Sunday.

The confirmation was made by Presidential Communications Office (PCO) Undersecretary and Palace Press Officer Claire Castro.

Concerns regarding the legislation previously arose with telecommunications firms and other stakeholders voicing opposition because of the potential regulatory and cybersecurity risks it may bring.

Konektadong Pinoy Bill has lapsed into law — Palace

Among those who aired their grievances were the Philippine Chamber of Telecommunications Operators and the Philippine Association of Private Telecommunications Companies and Philippine Chamber of Telecommunications Operators.

Telco giant PLDT also sounded the alarm over cybersecurity issues because of the measure’s open access mandate.

Konektadong Pinoy Bill has lapsed into law — Palace

The Department of Information and Communications Technology, however, maintained that the Konektadong Pinoy law would bring more benefits as it addresses roadblocks “by streamlining the licensing process, promoting infrastructure sharing, and allowing new and smaller players to invest in data transmission infrastructure without requiring a legislative franchise, an outdated requirement unique to the Philippines.” Marcos last January certified the bill as urgent to “facilitate the development of robust and resilient communications infrastructure” in the country., This news data comes from:http://sgx.aichuwei.com