MANILA - The entry of the third major firm in the country's telecommunications space does not pose a significant threat to PLDT Inc as it is not expected to affect the bulk of its revenue, its chairman and CEO Manny Pangilinan said Thursday.
The selected provisional third player Mislatel, a consortium of China Telecom and Filipino businessman Dennis Uy's Udena Corp. and Chelsea Logistics, will initially focus on mobile, while the "significant portion" of PLDT's revenues are from fixed connection, Pangilinan said in a company briefing.
“The impact would not be significant... We read that the third telco principally will be a mobile player. Therefore, on our part, the significant portion of our revenues are from the fixed [connection]. So I think the impact of the fixed-side revenues will be modest," Pangilinan said.
But he said the impact on the mobile side of PLDT's business will depend on how fast the selected third major player could develop its infrastructure.
Mislatel was proclaimed as the "provisional" third telecommunications player after submitting complete bid documents on Nov. 7.
Mislatel pledged a minimum speed of 27 mbps in its first year of operations, Department of Information and Communications Technology Officer-in-Charge Eliseo Rio told DZMM radio.
President Rodrigo Duterte had called for the entry of a third telco player citing poor service from current players.