NOW Telecom franchise extended for 25 yrs

said on Friday that its legislative franchise as a telecommunications company had been 2043, boosting its chances of bidding for the slot as third new

- or until Year 2043 under Republic for approval into law by the President of the Republic of the Philippines,” the company told the stock

- com, as a telecommunications company, now has privileges dominant players in the industry,”

Kristian Pura, Business De confirmed to reporters that the and that their consortium will be composed of local firms and a foreign investor to further bolster

“There have been several groups

- - to be also forming their respective consortiums to bid for the license

- prospective new player must have at least P10 billion net worth, a congressional franchise, and tech against the so-called telco duopoly

will accept bids for the new telco license by the “middle part of May” this year and announce the submission of bids, or before the