China Telecom secures bid documents for third telco slot

Warren de Guzman, ABS-CBN News

Posted at Oct 12 2018 01:09 PM

MANILA -- China Telecom has bought bid documents for the Philippines' third telecommunications player slot, the Cabinet official overseeing the search said Friday.

State-run China Telecom is the second foreign company, after Norway's Telenor, to express interest in investing in the Philippines to challenge Globe Telecom and PLDT Inc, said Department of Information and Communications Technology Sec. Eliseo Rio said.

The Chinese firm bought bid documents at 11 a.m. Friday, Rio said.

"This shows telcos' confidence in the selection process that only NOW, out of 7, is challenging in court," Rio said.

Rio was referring to one of 7 firms that bought bid documents, Now Telecom, which accused the National Telecommunications Commission of using the selection process as a "money-making" scheme.

Aside from China Telecom and Telenor, bid documents were secured by PT&T, Davao City businessman Dennis Uy's Udenna Corp, a consortium that includes former Ilocos Sur Governor Luis "Chavit" Singson's LCS Corp and Tier One Communications, and and another firm that regulators have not identified.