DICT official says five firms keen to compete as Philippines’ third telco

22 Dec 2017

Malaya Business Insight quotes Department of Information and Communication Technology (DICT) officer-in-charge secretary Eliseo Rio as saying that to date, five companies have expressed an interest in vying for the right to become the country’s third telco and join in the bidding process for mobile frequencies next year. According to Rio, Australia’s Telstra has also thrown its hat in the ring with China Telecom while unnamed firms from Japan, South Korea and the United States are also keen to enter the local market. Any firm seeking a move into the Philippines would need to comply with the country’s 60:40 foreign ownership limit, the DICT official added. It is understood that a newcomer would have to invest USD2.7 billion to roll out a nationwide network to compete with PLDT and Globe, with Rio noting: ‘It will be the private sector not the government sector which will select the foreign partner.’