If there will be further delays, President Duterte warns he'll invite interested parties to submit their position papers to him, and he will make his choice in 'about 30 minutes'
At least 7 foreign and 5 local companies are gunning to be the next major telco player
(UPDATED) But PT&T and Now Telecom say they are contesting the supposed outstanding fees, so these have 'no bearing' on their bids for the 3rd telco slot
Philippine Telegraph and Telephone Corporation moves forward with a plan to develop a nationwide broadband network as it signs a memorandum with the National Transmission Corporation
It would take a grind of 3-4 years to settle the corporate and regulatory issues before the third player could operate in the local market, which is being dominated by the duopoly of the PLDT Group and Globe Telecom
The acting chief of Department of Information and Communication Technology (DICT) says these 3 groups will each be led by Converge ICT Solutions Incorporated, Now Corporation, and Philippine Telegraph & Telephone Corporation (PT&T)
It would take 3-4 years before the 3rd telco player could operate, go into the market, and compete. The Duterte administration would be lucky to have it toward the end of its term.
The Philippine firm signs a deal with Chengdu Zhongxing Tiantong Technology Corporation to conduct a feasibility study, after which a definitive agreement may be reached
'They have the technical expertise in operating and TransCo has the facilities to offer,' says TransCo President Melvin Matibag
In a disclosure to the Philippine Stock Exchange on Friday, October 13, in response to news reports, PT&T confirms 'it intends to regain its status as a major telecommunications force in the Philippines and expand its present fixed broadband business across the country'
Meanwhile, local carrier PT&T writes to TransCo, signifying its interest to enter into a lease agreement with the state-run firm
UPDATED Nickel Asia Corporation co founder Zamora is PT T s new chairman while MRC Allied Incorporated chief Bitanga is the listed telecommunications firm s new president and CEO