- CEO Manny Pangilinan said the third telco’s impact would not be significant to PLDT
- Mislatel-Consortum was recently selected as the third telco player
- Globe said anything can happen in the industry and they never opposed the coming of a new player
PLDT Inc. chairman and CEO Manny Pangilinan said in a company briefing on Thursday that the advent of the third major telecommunication in the country does not pose a great threat.
“The impact would not be significant… We read that the third telco principally will be a mobile player. Therefore, on our part, the significant portion of our revenues are from the fixed [connection]. So I think the impact of the fixed-side revenues will be modest,” Pangilinan said as per an ABS-CBN News story.
But he said the impact on the mobile side of PLDTs business will depend upon the speed of the third player in developing its infrastructure.
To note, Mislatel-Consortum was recently selected as the third player who promised a minimum speed of 27 mbps in its first year of operations.
A Smart Communications spokesperson, meanwhile, based on a GMA News post, said telecommunications is an open industry and they are mentally prepared anytime a competitor enters.
Globe Telecom’s spokesperson Yolly Crisanto earlier said, “We wish the DICT (Department of Information and Communications) well na magkaroon sila ng very smooth na bidding ngayong araw na ito, para ‘yung mga promises na sinabi nila sa ating mga kababayan ay matupad din naman.”
[We wish the DICT well to having a smooth bidding today so that they can also fulfill their promise to our fellows.]
Crisanto said anything can happen in the industry and Globe never opposed the entrance of a third telco player.