Duterte threat to smash telecom duopoly pays off: Smart, Globe fork out over P100B in 2018 to improve services
President Rodrigo Duterte’s bullying tactics against Smart and Globe appear to be paying off.
Presidential Communications Secretary Martin Andanar said that after Duterte made good his threat to smash the telecom duopoly, Smart and Globe have unveiled plans to invest more than P100 billion this year to upgrade and expand their network.
“Kasi the mere announcement by the President na binubuksan ang merkado para sa isa pang telco player, really get them up in their toes,” said Andanar.
Duterte has tapped China Telecom as the third player to compete in the telecom industry. Another player, PT&T of bilyonaryo Buddy Zamora planned to tie up with a South Korean telco to fight Smart and Globe.
“Hindi pa nga nagsisimula iyong pagpasok ng third player nakita mo na nag-commit na po ang PLDT Group sa pangunguna ni MVP o Manny Pangilinan ng 58 billion pesos. Tapos nag-commit na rin po ang Globe ng karagdagang halos 50 billion din?mahigit 47 billion pesos iyong kanilang kinomit na investment,” said Andanar in an interview with DWIZ’s Ruth Abao.
“We can really see that even just the announcement itself ay nahikayat po iyong dalawang telco giants na ito na mag-invest ng pera para pagandahin pa iyong kanilang serbisyo. So, that in itself is already victory for the Filipino people,” he added.