DICT hopes to name 3rd telco player by September

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Metro Manila (CNN Philippines, July 6) — The Department of Information and Communications Technology (DICT) said Friday it hopes to name the country's third telecommunications player by September.

Acting DICT Secretary Eliseo Rio said during the agency's third public stakeholders' consultation that the selection process for the third telco player to challenge the duopoly of PLDT Inc. and Globe Telecom will be based on which company can deliver 'the highest committed level of service.'

While there were proposals earlier from other government agencies to auction or award the slot to the highest bidder, a survey among participants of the consultation showed majority voted in favor of selecting the telco with the highest committed level of service.

Selection will be based on a set of criteria including network coverage, a minimum broadband speed of up to 5 megabits per second (mbps), and capitalization of at least P40 billion a year.

Rio confirmed that 15 local telecommunications companies and investors from South Korea, China and Japan have expressed interest in the bidding.

"So pagpasok ng 3rd telco, he has to attract subscribers, and of course Globe and Smart would need to have their own strategy to keep subscribers," said Rio.

"So ito magiging fight ng third telco- it can give better services and cheaper. That is what they have to do to get subscribers," the officer-in-charge added.

Rio would still have to present the DICT’s final draft of the terms of reference for the third telco player to the oversight committee created by President Rodrigo Duterte before the terms can be finalized for publication.