Third Telecom Company to Enter Philippine Market by 2020
Philippine government assures Filipinos that by the year 2020, faster internet services will be available.
Eliseo Rio, the acting secretary of the Department of Information and Communication Technology (DICT), stated that internet speed will be faster, reliable, and consistent as a third player in the telecommunications industry enters the market.
The third telecom player is Mislatel. It will be operating in the Philippines in the first quarter of 2020. It was declared on November 7, 2018, that Mislatel will be the new major player in the telecommunication industry.
Mislatel composes of state-owned China Telecom and Dennis Uy’s Udenna Corporation, and Chelsea Logistics Holdings Corporation. They will be given a permit to operate or a Certificate of Public Convenience and Necessity by the end of this month.
Mislatel had an agreement with the country that it will be constructing an ultra-high speed information highway in improving the speed, cost, and accessibility of broadband internet in the Philippines.
Elisao said that their main goal is to give concrete outputs by 2020. He promised that by the following year, Filipinos will be experiencing a big positive change in the ICT environment. That is because the third telecom company will be joining the other two in the Philippine market for a healthy competition for speed, affordability, and accessibility of internet-related services to its customers. The DICT will be having Facebook with two terabits per second capacity.
By the following year, free access to Facebook will be given to everyone from Luzon to Mindanao.
The plan of the DICT to increase the internet speed was inspired by the fact that the Philippines were one of the lowest ranked countries in the region in terms of internet speed.
With the entry of the third telecommunications company in the country, the internet speed in the Philippines is expected to be as fast as that of Singapore’s.
In 2017, DICT had signed a landing party agreement with Facebook called Luzon Bypass Infrastructure to improve the speed and accessibility, and cost of broadband use in the market.
Even without the entry yet of the third telecom company, Smart and Globe had already allocated their biggest Capital Expenditure for 2018 in preparation for the entry of the third telecom company in 2020.
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