MANILA - Big Japanese, Taiwanese and Korean companies are interested in becoming the third telecommunications player in the Philippines, Communications Secretary Martin Andanar said Sunday.
The Department of Information and Communications Technology last week said 32 firms were eligible to become the challenger to PLDT Inc and Globe Telecom.
Among these firms are KDDI Corp of Japan, South Korea's LG Uplus and an unnamed Taiwanese firm, said Andanar.
The government, however, was not interested in working for a fourth telco to enter the market, he said.
"We have to take into consideration the size of the Philippine market," Andanar told DZMM radio.
"Palagay ko hanggang third player lang eh, para maging at least lucrative yung merkado ng Pilipinas for these telcos."
(I think a third player is enough, so that at least the Philippine market remains lucrative for these telcos.)
He said the government expects interested companies to finish submitting their terms of reference by February 19, with the open bidding to begin by March.
China Telecom and Philippine Telegraph & Telephone Corp have both expressed interest in setting up the third player, according to Malacañang.
PLDT and Globe Telecom continue to dominate industry after San Miguel Corp backed out last year and sold its telecommunications assets to the 2 players.