MANILA - Philippine Telegraph & Telephone Corp has expressed interest to set up a third player in the telecommunications industry, Malacanang said Wednesday.
The Filipino company may partner with a South Korean firm for the venture, Presidential Communications Sec. Martin Andanar said. PT&T told the stock last week that it was "advanced" talks for a possible partnership with a South Korean company.
PT&T provides broadband services in Metro Manila and adjacent provinces.
Aside from PT&T, China Telecom is also looking to partner with a local firm, Andanar said, quoting Department of Information and Communications Technology Acting officer-in-charge Eliseo Rio.
Andanar said wanted the third telecommunications player up and running by the first quarter of 2018, as directed by President Rodrigo Duterte.
"Minamadali na po iyan, talagang inaapura po iyan ng DICT para maging competitive po ang ating telecoms industry," he said in a radio interview.
(We're speeding it up, the DICT is really hastening to make the telecoms industry competitive.) -- with a report from Dexter Ganibe, ABS-CBN News