The Philippine Government Canceled A Third Telecom Operator

- Mar 07, 2018-

According to "The Philippine Star" reported on February 28, Philippine Deputy Minister of Communications Rio recently revealed that the Philippine government has given up the investment threshold of 10 billion pesos for the third telecommunications operator, instead emphasizing its commitment to Operate within five years. In addition, after the third carrier announced a winning bid of 90 days, it should deposit 25% of the interest in the designated bank and be supervised by the bank.

Rio said that according to the current schedule, the relevant rules on bidding for selecting a third operator will be subject to two public hearings on March 6 and March 13, and the relevant criteria will be announced on April 9 Japan public release, May 24 is the deadline for the tender.