Eliseo Rio, Jr, the acting Secretary of the Philippines’ Department of Information and Communications Technology (DICT), has said that the naming of the much anticipated ‘third telco’ could take place by the end of September or early October this year, barring unforeseen setbacks. DICT published its draft terms of reference (TOR) for the selection of the Philippines’ so-called New Major Player (NMP) to challenge PLDT Inc. and Globe Telecom on 26 June, a long-time pledge of President Rodrigo Duterte. The selection process has been delayed for months – an original March 2018 deadline proved unrealistic – but DICT has now released details on how it plans to assign valuable 3G, 4G and potential 5G mobile frequencies to allow a newcomer to challenge the status quo. Pursuant to the above, DICT held public consultations on 6 July – a process that seemingly concluded that of those that expressed an interest in the selection process, 75% prefer a points-based allocation system, using the highest committed level of service (HCLoS) method. Only 8% of potential bidders preferred the second set of draft rules which entailed auctioning the frequencies with a minimum bid of PHP36.58 billion (USD583.4 million).