China Telecom options: 3rd player or Globe or PLDT
In a report by ABS-CBN, China Telecom’s fate in the country was revealed during a Senate hearing on proposals to revise foreign ownership restrictions in public. It was said that they could either partner with Globe or PLDT or help facilitate the entry of a third player if they wish to continue with their investments in the country.
According to DICT Undersecretary and OIC of DICT, Eliseo Rio Jr., If China Telecom were to partner with either of the two dominant Telco’s then they would have to surrender the frequencies allocated for the third player. This includes the CURE frequencies that PLDT will relinquish. Although China Telecom isn’t the only company willing to usher in a third telecommunications firm, PT&T and TierOne have also expressed interest.
In order to help the DICT and the Philippine government in the selection process of a third carrier, a representative from the UN special agency of Communications and Technology will be arriving next week.