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10 companies are poised to slug it out on November 7th for the 3rd major telecommunications slot. Get to know their track record and financial health.
RACE FOR THIRD. 10 companies are expected to become part of the major telecommunications player slot. Shutterstock photo
MANILA, Philippines – The duopoly of Smart and Globe.
The next player must commit to the Highest Committed Level of Service (HCLoS) in the Terms of Reference (TOR).
The following companies are bidding documents worthy P1 million and are likely to participate in the bidding:
China Telecommunications Corporation
2017 net income: $ 18.1 billion
China Telecom is the 3rd largest telecommunications provider in China. It is publicly listed in the Hong Kong Stock Exchange and the United States' New York Stock Exchange.
According to the company's website, they have about 250 million subscribers. It ranked 174th in the Forbes Global 2000 list, based on a composite ranking on sales, profit, assets, and market value.
President Rodrigo Duterte initially preferred the company to be the 3rd telco player and wanted to operate in the 1st quarter of 2018. However, the government eventually opened the doors to other players.
Telenor
2017 net income: $ 13.4 billion
Telenor is a Norwegian multinational telecommunications company and operates in Scandinavia, Eastern Europe, and Asia.
The company says it has over 172 million customers worldwide and boasts assets in mobile, broadband, and TV services.
Telenor was founded in 1855 and builds over 160 years of telecom experience.
The company has yet to disclose its local partner.
Mobiltel Holding GmbH
2017 net income: $ 5 billion
The NTC announced that an Austria-based company called Mobiltel Holding GmbH bought bid documents. However, a search is now called A1 Telekom, which has a separate entity called A1 Telekom Austria Group.
The company website says that the company is listed on the Vienna Stock Exchange and has over 24 million customers.
A1 Telekom has operations in Austria, Bulgaria, Croatia, Slovenia, Belarus, Serbia, and Macedonia.
Other than communications, the company also offers payment, entertainment services, and integrated business solutions.
NOW Telecom
NOW Corp 2017 net income: $ 130,000
NOW Telecom is a subsidiary of the publicly-listed firm NOW Corporation. (WATCH: Rappel Talk: NOW Telecom's bid for 3rd telco slot)
The company specializes in providing broadband connectivity of large and medium enterprises, government organizations, residential buildings, and special economic zones.
NOW Corporation's 2017 net income stood at P6.7 million gold just under $ 130,000.
Both companies filed a case against the NTC over the allegedly "money-making" schemes. They also called the selection process "anti-Filipino."
Despite the complaints, they said they will still be bidding for the 3rd telco slot.
LCS Group of Companies and TierOne
Former President Chavit Singson's namesake company, the Luis Chavit Singson Group (LCS) banded with Mindanao-based internet provider TierOne Communications to bid for the 3rd telco slot.
The LCS Group includes various array of companies, one of which is Gracia Telecom. It caters to customers in Singson's stronghold in Ilocos Sur. (WATCH: Rappler Talk: Chavit Singson's bid for the 3rd telco slot
TierOne has 17 more consortium partners to solidify their bid. Each company has its own specialization, ranging from mobile services, solar energy, software development, to advertising.
The consortium has a combined annual revenue of $ 3.1 billion.
TierOne aims to roll out over 50,000 nationwide cell sites.
The LCS Group-TierOne tandem is banking on a broadband satellite for a nationwide reach, and promises the cheapest rates.
PT & T
2017 net income: – $ 505,176
The Philippine Telegraph & Telephone Corporation is a diversified telecommunication entity which operates as a corporate, small / medium business, and residential segment.
PT & T listed on the Philippine Stock Exchange (PSE) in 1990, but sought voluntary suspension of trading last December 13, 2004. Its shares closed at P0.33 a piece.
The company aims to resume trading some 800 million common shares in the local stock market this year, but plans have not yet been made.
It is located in Greater Manila Area, Northern and Southern Luzon, and Cebu.
Udenna Corporation
Net income as of 2014: $ 15.5 million
Attached Listed Companies:
Davao-based tycoon Dennis Uy's shopping spree for companies and portfolio expansion continues in the telco space through its holding firm Udenna Corporation.
Incorporated in 2002, it is among the fastest growing companies in the Philippines. It is in the business of distribution and retail of petroleum products and lubricants of Phoenix Petroleum.
Udenna is a wholly-owned subsidiary of Chelsea Logistics Holdings Corporation.
It also has interests in real estate through Udenna Development Corporation (UDEVCO).
Udenna Corporation are Udenna Management and Resources Corporation, and Udenna Water and Integrated Services.
Udenna Corporation is poised to complete its backdoor listing in the PSE through ISM Communications via a whopping P72-billion share swap.
The company has a local company with a telco franchise to qualify for the bid. They have yet to disclose details on the matter.
Converge ICT
Another Dennis Uy is also eyeing for the 3rd telco slot.
Converge ICT of the Pampanga-based businessman Dennis Anthony Uy is poised to team up with Korea Telecom (KT) to disrupt the duopoly of Globe and Smart.
According to their website, Converge ICT offers end-to-end fiber internet network in the country and has other digital consumer-centric services.
Verizon, Singtel, Telstra, Facebook, Netflix, Google and Sprint for various services.
Meanwhile, KT serves about 90% of South Korea's fixed-line subscribers and 45% of high-speed internet users.
KT is listed in the US and raked in $ 421 million of net income in 2017 and has total assets worth $ 27 billion.
AMA Telecommunications Corporation
The subsidiary of AMA Education System, AMA Telecommunications, is reported to have joined forces with Middle Eastern companies for the 3rd telco slot.
The AMA Group is led by the Amable Aguiluz V. The companies under the group are mostly related to information technology education.
AMA Telecommunications has no digital footprint but acquired a congressional franchise in 2016.
The company has yet to disclose its foreign partners.
Undisclosed bidder
One mystery company has yet to reveal itself to the public.
Some speculated that it is the Villar-led company Streamtech Technologies, as it was recently granted a congressional franchise.
However, Streamtech Chair Paolo Villar said they have decided to drop the focus and focus on internal expansion programs and strategies.
Bidding for the 3rd telco slot will begin on November 7. – Rappler.com
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