British telecom giant Vodafone exploring possibilities of becoming PHL’s 3rd telco

Budget and Management Secretary Benjamin Diokno together with NEDA Secretary Ernesto Pernia and Trade Secretary Ramon Lopez met with the officials of United Kingdom-based telecommunication company Vodafone.

Diokno revealed, during a forum today, that Vodafone is exploring possibilities of entering the Philippines as the third telco.

“We just discussed the possibilities. We told them we are introducing the third telco and we are welcoming proposals,” Diokno said. “They are making their due diligence and they are trying to find out if it is worth their while to participate.”

DBM said that during the meeting last week Philippine officials and British telecom giant Vodafone discussed the possibility of the company entering the Philippines as a third player.

“Vodafone officials raised concerns on the ease of doing business in the Philippines, which the cabinet secretaries were quick to address by stating that the President has signed the Ease of Doing Business Act early this year,” DBM said.