- A provisional third telco player may be named in November barring any legal impediments
- One of the bidders for the slot of the third telco filed complaints against the NTC
- NOW Telecom complained that the NTC made the search for the third telco a money-making scheme
A new major player in the country’s telecommunications industry that will break the duopoly of telecommunications companies (telco) PLDT Inc. and Globe Telecom Inc. will possibly be named in November.
During a Senate committee on public services hearing on the search for the third telco player on Monday, October 22, acting Department of Information and Communications Technology (DICT) chief Eliseo Rio said that barring legal any legal impediments, the country will have its third telco by November 7.
“On November 7, we will have a provisional new major player, barring any decision from the court,” Rio said during the Senate hearing; adding that “If it all works out, the winning third telco may even have initial subscribers by mid-2019.
Rio was referring to the legal complaint filed in court by one of the bidders, the NOW Telecom, which claimed that the National Telecommunications Commission has turned the search for the third telco into a “money-making scheme.”
As mentioned in an ABS-CBN story dated October 22, 2018, NOW Telecom questioned the NTC’s requirement that bidders put up a P700 million Participation Security, P14 billion to P24 billion Performance Security, and P10 million non-refundable Appeal Fee.
Rio defended the stiff requirements as a means to ensure that the winning bidder for the third telco has the financial and technical capability to compete with PLDT and Globe.