NOW Corp wants third telco player to succeed

Warren De Guzman, ABS-CBN News

Posted at Nov 09 2018 04:41 PM

The National Telecommunications Commission (NTC) opens bid documents for the third telco company at the NTC headquarters, November 07, 2018. Jonathan Cellona, ABS-CBN News

MANILA - Whoever wins as the new major telecommunications player must succeed in challenging the duopoly of the "real enemies," Globe Telecom and PLDT Inc., NOW Corp. said on Friday. 

NOW Corp's unit NOW Telecom initially participated in the third telco bidding but backed out at the last minute after it was advised by its lawyers that the submission could affect their case filed against the National Telecommunications Commission (NTC).

"I don’t care who wins. Who are the real enemies? The duopoly which has abused the public. The NMP (new major player) should succeed. This is one of many exercises needed to restructure the industry," NOW Corp President Mel Velarde said in a press briefing.

Velarde also urged the government to review the frequencies awarded to Globe and PLDT.

Despite backing out from the selection process, NOW Telecom is still in talks with potential foreign telco partners such as Viettel, Velarde said. 

NOW Corp's Investor Relations Officer Miguel Lopez on Wednesday said they elevated their case to the Court of Appeals after a Manila court denied their petition on Nov. 6.

The government on Wednesday selected China Telecom and Davao tycoon Dennis Uy's Mislatel as the country's provisional new major telecommunications player.