PT&T confident in third telco bid chances
Philippine Telegraph and Telephone Corp. is confident about its chances of bagging the third telco slot, saying it is the only local.company that can meet the tedious requirements set by the government.
“We believe we are the only local company that can comply with the stringent requirements and we have over 50 years of telecommunications experience servicing the Filipino people,” said James Velasquez, president and CEO of PT&T.
Formalizing its intention to vie for the third telco slot, PT&T bought bid documents from the National Telecommunications Commission Wednesday.
“We have downloaded the bid documents as soon as it was made available and have reviewed it thoroughly. As it stands, they are acceptable to us. We have bought the bid documents and we are confident our chances are strong,” Velasquez said.
PT&T purchased the bid documents even after NOW Corp.sued the government for allegedly inserting “onerous” financial requirements in the terms of reference for the selection of the third telco.
Apart from PT&T and Now Telecom, Dennis Uy’s Udenna Corp., the joint venture of businessman Chavit Singson’s LSC Group of Companies and TierOne Communications; and Norway’s Telenor Group acquired the bid documents.