Copying and distributing are prohibited without permission of the publisher
Globe Telecom may acquire PLDT 3G licence
18 April 2012
Globe Telecom to bid for Philippines licence to be surrendered by PLDT after Digitel acquisition
Philippines operator Globe Telecom will bid for the 3G licence that is due to be surrendered by rival operator PLDT as a prerequisite for acquiring Digitel.
PLDT was allotted a 3G licence in 2005, and it purchased another in 2008, and acquired a third as part of its Digitel buy, taking its 3G spectrum to a total of 35 megahertz, said a report by ABS-CBN.
Bidding for the surrendered licence is likely to take place in July, although PLDT was seeking an extension for the submission of a progress report.
Ernest Cu, president of Globe, told ABS-CBN: “The fact that the divestment was delayed was not unexpected given the amount of PLDT’s resistance.” GTB
More from GTB
Philippines extends Belltel's licence 05 Apr 2012
PLDT protests at subsidy ruling 06 Feb 2012
Globe borrows $90m from China Bank 31 Jan 2012
PLDT expects $23m from 3G divestment 04 Dec 2011
NTT DoCoMo reacquires 20% share in PLDT 28 Nov 2011