Saturday, September 22, 2018
  • share this

Makati rep. says third PH telecom player could fetch P300-B market value

/ 05:06 PM February 16, 2018

An incoming third telecommunications service provider in the Philippines could eventually fetch a market value of up to P300 billion considering the demand for faster internet connection speed, Makati Rep. Luis Campos Jr. said on Friday.

“There is room for the new entrant to come in, simply because there is pent-up demand for faster mobile phone Internet connection speeds among Filipinos,” Campos said in a statement.


“This unusually strong demand is not being fully satisfied because neither of the two existing players is willing to supply the superior connection speeds at a lower price,” Campos, who is also House deputy minority leader added.

At present, Campos said P300 billion is around the range of the current market values of leading telecommunication companies PLDT Inc. and Globe Telecom Inc.

Campos earlier said it was “absolutely justified” to drive market competition and give Filipinos access to faster and cheaper internet connection speeds.

President Rodrigo Duterte had opened the telecommunications industry, now dominated by PLDT and Globe, to a foreign third player, particularly a China-owned telecoms

company. The move was meant to address the poor quality of mobile and internet services being provided telecom providers.    /muf

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Campos, Globe, House, Internet, Makati, PLDT
For feedback, complaints, or inquiries, contact us.

US criticizes treatment of Uighurs in latest China row

September 22, 2018 08:06 AM


New book chronicles Fil-Am theater history

September 22, 2018 07:57 AM


Sotto cops out on proposal to change anthem’s lyrics

September 22, 2018 07:27 AM

© Copyright 1997-2018 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.