President Rodrigo Duterte said that the government is eyeing India to be the third major player in the country’s telecommunications sector.
According to Duterte, he already invited India to invest in the local telecommunications industry during his visit in New Delhi last January.
“India is also interested to enter into the telecom industry and we are considering. I invited them during my talks with the businessmen of India during my official visit,” the President said.
Duterte noted that the government would make a frequency available to a new major telecommunications player to promote market competition. He said interested party could discuss the proposed investment with the concerned government officials.
“I have opened up the third frequency for telecommunication, telecoms. If you are the representative there, you can always go to them and discuss business,” he said.
“If you are asked to shell out money or there is a transaction which involves corruption for a favor or for a permit then let me know,” Duterte said.
“Unless you are ready to give it then just shut up because it’s yours. But you are not supposed to spend for anything unless it’s part of the official fees and the collections of government, regulatory fees most of it,” he said.
A third major telecommunications carrier in the country is expected to enter by March or April to break the duopoly of PLDT-Smart Communications and Globe Telecom.