PLDT, Globe wel­come new telco

Sun.Star Davao - - BUSINESS -

Telecom­mu­ni­ca­tion gi­ants Philip­pine Long Dis­tance Tele­phone Com­pany (PLDT) and Globe Tele­com In­cor­po­rated on Wed­nes­day, Novem­ber 7, wel­comed the China Tele­com-led Mis­la­tel Con­sor­tium as the New Ma­jor Player (NMP) in the telecom­mu­ni­ca­tions in­dus­try.

Mis­la­tel, a part­ner­ship be­tween China Telecom­mu­ni­ca­tions Cor­po­ra­tion and Davao busi­ness­man Den­nis Uy’s Chelsea Lo­gis­tics Hold­ings Cor­po­ra­tion, was de­clared Wed­nes­day as the pro­vi­sional NMP af­ter the de­tailed eval­u­a­tion of its se­lec­tion doc­u­ments.

“We wel­come the en­try of a new player in the Philip­pine telecom­mu­ni­ca­tions in­dus­try. Com­pe­ti­tion is the norm in a lib­er­al­ized en­vi­ron­ment and will ben­e­fit our cus­tomers, the in­dus­try, and the coun­try,” PLDT said in a state­ment posted on its Face­book page.

Globe, for its part, said the se­lec­tion of Mis­la­tel would “help fos­ter a healthy com­pet­i­tive en­vi­ron­ment and ul­ti­mately ben­e­fit con­sumers.”

The Ay­ala-led telecom­mu­ni­ca­tions com­pany said the NMP has the po­ten­tial of open­ing up new sources of rev­enue streams for tel­cos while pro­vid­ing con­sumers with more in­no­va­tive prod­ucts and ser­vices.

“We are glad for the smooth se­lec­tion process un­der­taken by DICT and NTC. As pre­vi­ously and con­tin­u­ously stated, we hope the gov­ern­ment will equally sup­port the ex­ist­ing tel­cos like Globe, which con­tinue to pro­vide ser­vices to mil­lions of Filipinos, and in the case of Globe, over 67 mil-lion to­tal sub­scribers,” said Globe gen­eral voun­sel Froilan Castelo.

Globe said it has started di­vest­ing its tower as­sets and cre­at­ing a sep­a­rate tower hold­ing com­pany to help fos­ter com­pe­ti­tion.

“This ini­tia­tive will al­low the third player to rapidly roll out its net­work and launch com­mer­cial op­er­a­tions. It will also give smaller play­ers the op­por­tu­nity to scale up their busi­ness with­out the bur­den of high cap­i­tal ex­pen­di­tures,” Globe added.

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