The Department of Information and Communications Technology (DICT) has released its guidelines for the entry of a new major player in the local telecommunications industry.
A prospective third telco company needs to have a valid congressional franchise and should not be affiliated with PLDT Inc. and Globe Telecom as of December 31, 2017.
Interested applicants also need to invest around PHP300-400 billion for the next five years, and should provide a written and binding commitment from a foreign venture company.
According to DICT OIC undersecretary Eliseo Rio Jr., the applicant with the highest committed investment for the first five years shall be selected.
The National Telecommunications Commission (NTC) will broadcast the frequency that will be assigned to whichever company that the government will select.
State-run China Telecom, KDDI Corp. of Japan, LG Uplus of South Korea and an unidentified Taiwanese company have already expressed their interest to invest in the Philippines
