Philippines plans to announce new telecoms player in June

Philippines plans to announce new telecoms player in June

The Philippines plans to announce the winner of an auction to become the country’s third telecoms player in June, as it seeks to improve services and break the lock PLDT Inc and Globe Telecom Inc have on the market.

Poor service quality has for years left Philippine consumers and businesses frustrated at the telecoms duopoly in a country that has 105 million people and one of the world’s largest rates of social media usage in terms of average daily duration.

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