Globe Telecom welcomes the new
telco challenger which is seen to help foster a healthy competitive environment
and ultimately benefit consumers. The new player has the potential of opening
up new sources of revenue streams for telcos while providing consumers with
more innovative products and services, the company said.
“We are glad for the smooth
selection process undertaken by DICT and NTC. As previously and continuously
stated, we hope the government will equally support the existing telcos like
Globe, which continue to provide services to millions of Filipinos, and in the
case of Globe, over 67 million total subscribers,” said Globe General Counsel
Froilan Castelo.
To help foster competition,
Globe took a step forward to fulfill its plans to divest its tower assets. It
has started the process of incorporating a separate tower holding company. This
initiative will allow the third player to rapidly roll out its network and
launch commercial operations. It will also give smaller players the opportunity
to scale up their business without the burden of high capital expenditures.
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