Vodafone interested in Philippine market as 3rd Telco player

Vodafone, a telecommunications company based in London, has expressed its interest in venturing as the third telco player in the Philippines.

Budget and Management Secretary Benjamin Diokno said that the dialogue between the Philippine economics team and the Vodafone executives happened during their trip to London last week.

“We just discussed the possibilities and told them that we’re introducing third telco player and that we’re welcoming proposals,” Diokno stated.

Vodafone expressed its interest in applying as the third telco player and has been conducting its due diligence since February this year. However, the company is yet to declare its participation.

“They’re making their due diligence and they’ll probably find out if it’s worth their while to participate. That’s the usual stance of businessmen,” Diokno said.

Diokno also said that Vodafone may still enter the country even if a third telco player has already been identified. The Department of Information and Communications Technology (DICT) is set to conduct an invitation bid on October 7. Bidding documents can be bought on October 8 while the deadline for the submission and opening of bids will be on November 7.

Source: PTV