Globe Telecom says it welcomes the entry of a third mobile operator in the Philippines as this will foster a healthy competitive environment that will ultimately benefit consumers.
This month, the Department of Information and Communications Technology (DICT) released two versions of the terms of reference (TOR) for selecting a new major telecommunications player. The government is expected to name the new entrant by October.
To help foster competition, Globe recently took a step forward to fulfill its plans to divest its tower assets. It has started the process of incorporating a separate tower holding company. Once regulatory approvals are secured, this initiative will allow the third player to rapidly roll out its network and launch commercial operations. It will also give smaller players the opportunity to scale up their business without the burden of high capital expenditures.
Globe received an allocation of only 10 Mhz of 3G frequency, the smallest allocation on this band. Recently, Globe announced its commercial venture using 5G technology by the second quarter of 2019. 5G will be used to deliver the Globe At Home broadband product line.
Froilan Castelo, Globe General Counsel and SVP, Globe
As repeatedly stated before, Globe is not opposed to the entry of a third player, or for that matter, as many players that the market can accommodate. Globe has always geared itself for growth and competition. Competition has the potential of opening up new sources of revenue streams for telecommunications players while benefiting consumers with more innovative products and services at competitive rates.
