Bidding for third telco slot set on Nov.5
The National Telecommunications Commission (NTC) has set the date for submission and opening of bids for the country’s third telco slot on Nov.5.
Based on the final terms of reference released by NTC and the Department of Information Communications and Technology, the potential bidders will be chosen based on the highest committed level of service (HCLoS) over a period of five years.
The minimum spending commitment must be at least P40 billion on the first year, P65 billion on second, P90 billion on third, P 115 billion on fourth and P140b pesos on fifth.
The winner will also be chosen based on national population coverage (40 percent), minimum average broadband speed (25 percent) and capital and operating expenditure (35 percent).
Bidders will have to shell out a participation fee of P700 million equivalent to 0.5 percent of the minimum capital and operational expenditure at the end of the commitment period.
The winning bidder will likely be identified in December
Following the evaluation of the documents of the highest bidders, which include the roll out plans.
Among those that have signified interest to vie for the thirs telco slot are China Telecom, LG Uplus Corp., Korea Telecom, Vietnam Telecom, AT&T, Telenor of Norway, a Japanese telco, Philippine Telegraph and Telephone Corp., Converge ICT, Transpacific Broadband Group Inc., EasyCall Communications Phils. Inc. and TierOne.