More foreign telco players looking to invest in the Philippines: DICT

Jekki Pascual, ABS-CBN News

MANILA - More Foreign telecommunications players are showing interest in setting up shop in the country following the enactment of the amended Public Service Act which liberalized the sector, the Department of Information and Communications Technology said Monday.DICT will speed up the process of applications to anyone who wants to enter the country to offer telco services, DICT Secretary Emmanuel Rey Caintic said during the blessing of its new office in Quezon City.&quot;Marami na nagpapahiwatig, marami na nagtatanong ano gagawin nila para mabilis [ang proseso],&quot; (Many are showig interests, many are asking what do they need to do to speed up the process)Caintic said some of the firms are from Europe and the US but he did not disclose names.The Trade Department earlier said it has met with Elon Musk&#x27;s SpaceX for the rollout of its Starlink satellite broadband service in the country.DTI Secretary Ramon Lopez said the agency would assist SpaceX in permitting. He said SpaceX is currently scouting for locations.Caintic said SpaceX is processing its papers with the Securities and Exchange Commission and that it still needs permits from the National Telecommunications Commission and the DICT.&quot;Sa atin naman, inaantay natin makumpleto mga papeles para maka-umpisa sila maka-operate. Pagkatapos nun magtatayo pa sila earth stations, may mga ilang buwan pa silang kailanganin,&quot; said Caintic.(On our part, we are waiting for them to complete their papers so they can start to operate. After that they will still build earth stations. They still need a few months)The DICT is also constructing common towers and common fiber networks so that all players, local and foreign, would find it easier to connect to the system, Caintic said.PLDT Inc earlier sold almost 6,000 telco towers for P77 billion. Its chairman Manny Pangilinan said the portfolio could give the buyers a headstart in their common tower operations in the country.Politician and businessman Chavit Singson&#x27;s LCS Group said his firm has activated its first common tower in 2021. The Philippines has one of the lowest tower-to-subscriber ratio in Asia. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/19/22/pldt-sells-59k-telco-towers-for-p77-billion-to-two-towercos">PLDT sells 5.9k telco towers for P77-B to two towercos, leases them back for 10 yrs</a></li>	<li><a href="https://news.abs-cbn.com/business/04/28/22/bpi-to-finance-p77-billion-pldt-telco-tower-deal">BPI to finance &#x27;landmark&#x27; P77 billion PLDT telco tower sale to foreign investors</a></li>	<li><a href="https://news.abs-cbn.com/news/07/23/21/singson-lcs-group-rolls-out-first-activated-common-tower">Chavit Singson&#x27;s LCS Group rolls out first activated common tower</a></li></ul>

More foreign telecommunications players are showing interest in setting up shop in the country after the sector was liberalized, the DICT said Monday.

More foreign telco players looking to invest in the Philippines: DICT | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

More foreign telco players looking to invest in the Philippines: DICT

More foreign telco players looking to invest in the Philippines: DICT

Jekki Pascual,

ABS-CBN News

Published May 02, 2022 04:00 PM PHT

Read More:

DICT

Department of Information and Communications Technology

Internet

Philippines

common tower

PSA

telco

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2024 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2024 ABS-CBN Corporation. All Rights Reserved.