Gov’t wants 3rd telco to boost country’s telco industry

  • Page Views 141
  • To make better the country’s telco industry the government wants a third telco that “has the financial and technical clout to really compete,” the officer in-charge of the Department of Information and Communications Technology (DICT) said on Wednesday.

    DICT Undersecretary Eliseo Rio said the government wants the prospective third telco to avoid a repeat of what happened to San Miguel Corp. (SMC), whose telco assets were swallowed up by Globe and Smart after SMC failed to get a foreign partner to back up its bid to compete against the two firms.

    Improving country’s telco industry

    “We would like the third player to be robust enough financially and technically to be able to compete and give the incumbent telcos a run for their money,” Rio told ANC’s Future Perfect Tech Shorts.

    Rio said the government also wants the third telco to focus on fixed line broadband instead of offering cellular data.

    President Rodrigo Duterte has said that he wants a third telco player to be running within the first three months of 2018.

    China Telecom has said that it is studying a possible investment in the Philippines after Duterte asked China to invest in the country’s telco industry.

    Rio, meanwhile, allayed concerns that allowing a Chinese company to own a stake in the country’s telco industry may compromise the Philippines’ cybersecurity.

    He said both Globe and Smart have already partnered with Chinese tech firm Huawei to upgrade their networks.

    abs-cbn news

    Share

    New Posts Recently publish post More

    • 20 January 2018
      1 hour ago No comment

      New CEO Hired to Lead Innovation Boulevard

      Innovation Boulevard is pleased to announce the appointment of Louise Turner as its new CEO, effective January 2, 2018.  Louise will be responsible for all operations while she leads Innovation Boulevard into its next phase of growth and development. “I’m delighted that we have attracted such a knowledgeable, experienced ...

    • 20 January 2018
      3 hours ago No comment

      How Facebook’s new algorithm will change the way users see content

      FACEBOOK never claimed itself to be a media company. It maintains it is a social network to connect people to other people. Those familiar with Facebook when it started in 2004 will know how it has changed from a story-sharing, people-connecting platform to one that curates and distributes content ...

    • 20 January 2018
      5 hours ago No comment

      Paolo Duterte resigns as Davao City VM

      Paolo Duterte resigned as vice mayor of Davao City last Christmas. Out of delicadeza he said. OK. Let him follow what he think is the right move to do after his ‘skirmishes’ with his daughter via social media that let netizens around the world knew what kind of a ...

    • 19 January 2018
      23 hours ago No comment

      Bank of Canada increases overnight rate target to 1 1/4 per cent

      The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating ...

    • 19 January 2018
      1 day ago No comment

      Covfefe and other S*** Trump Says

      By this time, the world knows not to take what US President Donald Trump says seriously. Before he became president, Trump’s companies have filed for bankruptcy protection six times. His Taj Mahal opened in April 1990 in Atlantic City, but six months later, defaulted on interest payments to bondholders ...

    %d bloggers like this: