3 Companies interested to become 3rd telco player

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The Philippine Telegraph and Telephone (PT&T), Now Corporation, and Converge ICT are all eyeing to become the third player in Philippines’ telecommunications industry, according to Department of Information and Communications Technology (DICT) officer-in-charge Eliseo Rio Jr..

These companies are expected to form consortium with foreign companies.

DICT released its memorandum, stipulating that any prospective third telco player should have a significant financial investment for five years, a valid congressional franchise, must not be a subsidiary affiliate, or have any corporate or financial interest with PLDT Inc. and Globe Telecom as of December 31, 2017, and have a written and binding commitment from a foreign venture company.

“What we really want to have is as many contenders as possible, as this will really benefit the public, which is not served well by existing telcos,” Rio said.

“Ang instruction ni President we must come up with a third player na di maibibili ng duopoly,” he added.

Interested consortium will have to join the bidding to be held in coming months.

“We are asking for an extension of at least two months from the deadline of end-March, as prospective telco players do not have sufficient time to prepare bidding documents within the existing time frame,” Rio said.

The National Telecommunications Commission (NTC) is expected to promulgate on February 19 the memorandum circular containing the terms of reference for the selection and the assignment of radio frequencies for the new major player in the telco industry.

Source: http://www.pna.gov.ph/articles/1022791