NTC junks request for bid submission extension for third telco slot
The National Telecommunications Commission (NTC) has rejected a request to extend the submission and opening of bids for the third telco slot by one week.
The opening of bids, scheduled on Nov.7, is a go as the government is bent on fulfilling President Duterte’s desired timeline.
Department of Information and Telecommunications Acting Secretary Eliseo Rio Jr. said barring any hitches, the gvernment will name the third telco in a little over two weeks.
Eight groups consisting of China Telecom, Philippine Telegraph and Telephone Corp., Now Telecom, Dennis Uy?s Udenna Corp., Norway’s Telenor Group, the joint venture of businessman Chavit Singson?s LSC Group of Companies and TierOne Communications and two unidentified firms purchased bid documents from the government.
Under the final terms of reference issued by NTC and DICT, the potential bidders will be chosen based on the highest committed level of service for over a period of five years.
The new major telco player must invest at least P40 billion in the first year and P240 billion in five years.
The selection committee will use a point system based on the documents submitted by the potential players.
Bidders will shell out a participation fee of P700 million, or equivalent to 0.5 percent of the minimum capital and operational expenditure at the end of the commitment period.