Altimax Broadcasting Company (Altimax) is a media and telecommunications company co-owned by Velarde, Inc. (VI) and Bethlehem Holdings, Inc. (BHI), a subsidiary of the Globe Group Retirement Fund. Altimax's media businesses are direct-broadcast satellite (DBBS) and Multipoint Multichannel Distribution Service (MMDS) wireless cable TV and broadband. Altimax's broadcast and satellite frequency allocations, however, became a subject of legality issues that ensued in a scuffle between the company's shareholders and government regulator agency National Telecommunications Commission.
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