With the President’s bid to permit a Chinese telco to enter the country to address the two telco giants’ poor internet services, PLDT and Globe are set to further bolster their networks as to guard their positions in the market and to provide better broadband services to their consumers.
The incumbent telco players are already preparing for the potential entrant with both of them boosting respective network infrastructures.
PLDT Chairman Manny Pangilinan already disclosed the company would earmark a historic capital expenditures (capex) of “north of P50 billion” which would focus on PLDT’s plan to aggressively roll out fiber networks across the country.
He said this was the group’s way of securing its position in the local telco industry as fiber network could provide world-class internet access.
Meanwhile, Globe chief executive officer Ernest Cu kept its capex spending at $850 illion or P42.37 billion for this year.
“Majority of the company’s capex for 2018 is geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of our data-related services,” Cu told the Philippine Stock Exchange earlier.
Moreover, both telcos have long expressed openness to competition.
Yoly Crisanto, Globe senior vice president for corporate affairs, said the firm is “ready to compete just as we have been doing in this business.”
Cu, said in an earlier interview with reporters, every company wanting to enter the sector was “welcome.”
“Our focus is to grow our business and be competitive. We’re there to compete,” he added.
While PLDT Spokesman Mon Isberto, said that the bid was “the government’s calls. As for us, we welcome competition.”
Pangilinan also said on November 9 the firm did not want to be accused of “maintaining this duopoly.”
“We’re not averse to anyone coming in today in the industry. They’re welcome. This is a free economy and we’re not going to take any steps to impose it,” he said.