MANILA, Philippines – Retail and banking magnate, Henry Sy, Sr., may enter the bid for the slot of the third telecommunications company player in the Philippines.
Willy Ocier, president and chairman of Philippine Global Communications (Philcom), said to a news company last weekend that the company is currently reviewing the terms of reference (TOR) of the government for choosing the third telecommunications player.
He said that Philcom will make a decision as soon as the TOR has been finalized.
Sources in the telco industry mentioned that it’s not easy to decide regarding the telco bidding since the TOR has not been settled yet.
For instance, the Department of Information and Communications Technology or DICT previously said that one requirement for those seeking the slot of the third player is to have at least 10 billion peso capital. However, later last week, it was announced that they were scrapping the said requirement.
Last February 19, the Department of Information and Communications Technology together with the National Telecommunications Commission or NTC submitted an initial version of the memorandum circular obligating seeking bidders to have at least 10 billion pesos worth of capital.
However, Eliseo Rio, Jr., officer-in-charge of DICT, mentioned during public consultations that stakeholders were worried concerning the said requirement. Hence, they discarded the demand for the amount of investment. Instead, the actual service and resources that the bidders will offer will be the agency’s basis.
The office plans to complete the final version of the TOR on April 9. The temporary date for taking bids is on May 24.
DICT has asked Philcom to attend the bidding.
As stated in its Bloomberg portfolio, Philcom gives solutions for communications including Reach Dedicated Access, a service that gives leased internet phone connection to the subscribers, and Reach Digital Subscriber Line, a service that offers web access for audio and video files, streaming, network gaming, and applications at fast speed.
In its offered internet services, Philcom provides a choice to avail of Internet Protocol Television channels for tenants of SM Malls, voice solutions that supply connection to international and domestic long-distance traffic, and data solutions that provide dedicated lines utilizing digital technology in order to allow point-to-point connection which serves to the demands of companies locally and internationally.
The company was previously known as Radio Corporation of America (RCA). RCA is based in Makati which was established in 1924.
Other prospective third telecommunication company players are Villar’s Streamtech Systems Technologies, EasyCall Philippines, Now Corporation, PT&T, and foreign firms China Telecom, China Mobile, and North Telecommunications.