Home Tech PLDT-Smart, Globe welcome entry of Mislatel Consortium, 3rd telco player

PLDT-Smart, Globe welcome entry of Mislatel Consortium, 3rd telco player


MANILA — The two existing telecommunications companies in the country on Wednesday welcomed the entry of a third player, which is seen to break their long-standing duopoly in the market.

The government has declared Mislatel Consortium — a joint venture of Dennis Uy’s Udenna Corporation, its logistics arm Chelsea Logistics Holdings and China Telecommunications — as the country’s provisional third telco.

In separate statements, PLDT, Inc. and Globe Telecom said the entry of a challenger in the industry will lead to a tighter market competition that will benefit the industry and consumers.

“We welcome competition, that’s really part of the business and we think that it will be good for consumers. It will be good for the industry, and the country,” Ramon Isberto, PLDT’s public affairs head, told CNN Philippine in an interview.

“It’s going to be a colorful time. I would expect that competition to be there and it would be a very active market. It’s been active even with just two players,” he added.

Isberto said lower cost of telco services is “one of the possible effects” of the competition brought by the challenger.

“Even before prices have been going down and, if you look at it, the telco industry is one of the few industries in the country where prices have been going down consistently over the past 10, 20 years,” he said.

Globe, meanwhile, said it also welcomes the new player “which is seen to help foster a healthy competitive environment and ultimately benefit consumers.”

“The new player has the potential of opening up new sources of revenue streams for telcos while providing consumers with more innovative products and services,” it said in a statement.

The Ayala-led company said it hopes the government will “equally support” the existing telco companies amid the entry of a new player.

Source: cnnphilippines.com

Previous articleNarvacan, pasok sa Top 10 richest municipalities sa buong ’Pinas
Next articleTop 1 most wanted sa Ilocos Sur nanlaban, dedo
A team of journalist came up with a newspaper that would complement the fast-paced development now happening in the country. Presently, social media, online news, and other multimedia press centers are active nowadays and the people behind RONDA Balita, Lingguhang Pahayagan ng Masang Intelihente created a modern digital news site whose products include newsfeeds, online news releases and advertisements and it is entitled RONDA Balita Online News.


Please enter your comment!
Please enter your name here