Tumitindi ang laban! Firms from Korea, Japan, Taiwan vying to be 3rd telco – Andanar
Tumitindi ang laban! Firms from Korea, Japan, Taiwan vying to be 3rd telco - Andanar
It’s not just China that’s vying to go against PLDT and Globe Telecoms as the third player in the Philippine telecommunications industry.
Communications Secretary Martin Andanar on Sunday (January 14) revealed that at least three companies from South Korea, Japan and Taiwan are interested for the third slot in the telco sector.
In an interview over dzMM radio, Andanar said South Korea’s Plus is keen on partnering with Philippine Telegraph and Telephone Corp. (PT&T) to become the third telco player.
Other interested companies are Japan’s KDDI and an unnamed Taiwanese firm, he added.
However, Andanar said thr government is not keen on having a fourth telco player because of the market’s size.
“Sa palagay ko hanggang third player lang para maging… at least lucrative iyong merkado ng Pilipinas for these telcos. And imagine mag-i-invest kayo ng P400 billion tapos apat, lima kayo. So hindi rin kayo kikita, hindi—necessary din iyong balik sa kanila ‘di ba? So three players for the Philippines could be enough at this point,” he said.
China’s China Telecom is the current frontrunner for the third telco slot since President Rodrigo Duterte offered it to Chinese official during a bilateral meeting.
It has yet to be announced which Philippine company China Telecom has partnered with for their venture.
Under the 1987 Constitution, foreigners are limited to owning 40 percent of a telecommunications entity, while Filipinos should own 60 percent.