President Rodrigo Duterte said that he will allow foreign players to enter the Philippine telecommunications market to provide good quality internet service for the Filipinos.
Just recently, a telecommunications service provided which offers up to 200mbps of internet speed at a lower cost was chosen to enter the Philippine market. This initiative is according to the President's mandate to provide Filipinos with affordable internet service without sacrificing the speed and quality.
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Presidential Communications Operations Office Secretary Martin Andanar said that the government has chosen China Telecom, the biggest telco in China and duly registered in Hong Hong Stocks Exchange, to be the third player that will break the telco duopoly in the country.
In China, the citizens are paying 196 Chinese Yuan for a months subscription with speed of 100mbps, that is only around P1,200+. Whereas in the Philippines, that same cost is good only for 3mbps speed.
Letting foreign internet providers in the Philippine market allowing competition will make drastic changes in the internet package pricing and speed and the Filipinos are expected to benefit from it especially the OFWs.
However, Andanar clarified that before China Telecom can enter the local market, it needs to be tied in a local partner in accordance with the existing laws. Foreign company shares should not exceed to 40% with its Philippine partner.
Source: Inquirer.net
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