Posted at 11/13/18 11:31 PM
Philippine shares tumbled alongside most Asian markets which tracked Wall Street's worst decline since 2011.
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The new requirements for third telco bidders include a manager's cheque for the P700 million "participation security," said Tier1 partner and Millawave president Ed Millana.
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Some barter traders fear more competition once open ports are declared in Mindanao.
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Potential bidders for the country's third major telco could form alliances to challenge the telco duopoly.
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MANILA (UPDATED) -- Internet provider Tier1 will pursue its bid to set up a third telecommunications player, betting on its satellite capability, one of its partners, former Ilocos Sur Governor Luis "Chavit" Singson said Friday.
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Can holiday remittances lift the peso, which has languished at its lowest levels in 12 years against the dollar?
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Alliances among potential bidders will likely be formed ahead of the government's naming of a third telco player to challenge the dominance of PLDT Inc and Globe Telecom.
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Trading in financial markets will resume next week with investors awaiting fresh inflation and gross domestic product data.
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But Secretary Benjamin Diokno asserted it won't be for lack of trying
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Just because you're the boss, that doesn't mean you have to do everything yourself.
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