Philippines gears up for 3G spectrum auction
PLDT will be barred from bidding, but it's main competitor, Globe Telecom, has already expressed interest to participate in the bid.
“We’ve been vocal about our interest to bid for CURE’s 3G spectrum as part of our drive to provide our subscribers with a better network, especially with the growth of smartphones and the explosion of mobile data use,” said Froilan M. Castelo, Head of corporate and legal services of Globe.
Globe President and CEO Ernest Cu affirmed that the availability of more 3G frequency is an opportunity for the company, especially in light of the ongoing network modernization and transformation initiatives.
"This won't be easy given the players involved but we'll go for it," he said.
Globe's subscriber base is now over 31 million. PLDT's mobile subscribers, on the other hand, are now over 62 million after it acquired Digitel's 15 million wireless subscribers through the merger.
Egidio Zarrella, Asia Pacific head of banking and capital markets, KPMG, says that banks sit on huge amounts of customer data
The rise of fintech and the explosion of digital social media already blurs the traditional lines of corporate responsibility