5G a 'major' investment for PLDT, Pangilinan says

ABS-CBN News

Posted at Jun 14 2018 08:51 AM

PLDT president and chairman Manuel Pangilinan attends an event of mobile subsidiary Smart on September 26,2016. Jonathan Cellona, ABS-CBN News

MANILA -- Fifth generation mobile technology or 5G is a "major" investment for PLDT Inc, its president, Manuel Pangilinan said, as the company braces for the entry of a third telecommunications player.

PLDT has sought the help of its Japanese partner, NTT DoCoMo on the utilization and rollout of 5G with a possible commercial rollout by 2020, Pangilinan said.

Both PLDT and rival Globe Telecom have announced partnerships with China Huawei Technologies for their shift to 5G.

"I think we would be asleep at our job if somebody else gets ahead of us in terms of launch," Pangilinan told a stockholders' meeting late Wednesday.

Uncertainty over the selection of the third telecommunications player is taking its toll on PLDT's share price, Pangilinan said.

"Until that matter is resolved with some degree of certainty, our share price will be under pressure. We don’t know who it is, we don’t know how they will behave," he said.

Efforts to find a foreign partner for PLDT's digital services unit Voyager have not progressed, he said.

"We have been waiting and waiting, On our part we have to assume it is a no-go," he said.

-- report from Warren de Guzman, ABS-CBN News