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Business trends

Philippines looks to lure new telecom provider by November

Companies from China, Vietnam, South Korea and Norway have 'shown interest'

Philippine telecoms PLDT and Globe Telecom, both of which have been criticized for poor service, are expected to be challenged by a new player.

MANILA -- The Philippine government plans to open the country to a new telecommunications provider through an auction slated for Nov. 5, the National Telecommunications Commission said.

Bidders will be judged based on their level of service over five years. The three criteria are population coverage, weighted at 40%, and capital expenditure and broadband speeds, weighted at 35% and 25%, respectively, according to a memorandum released by the commission on Friday.

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