Philippine telco Liberty Telecommunications, which belongs to local conglomerate San Miguel, is planning to bid for a 3G licence in order to be able to compete with the country’s mobile and fixed-line operators.
San Miguel president Ramon Ang…
Philippine telco Liberty Telecommunications, which belongs to local conglomerate San Miguel, is planning to bid for a 3G licence in order to be able to compete with the country’s mobile and fixed-line operators.
San Miguel president Ramon Ang reportedly told reporters that once the company secures the spectrum, it will start consolidating its four telecoms units, Liberty, Eastern Telecoms, Vega Telecom, and Bell.
The spectrum coming up for auction is made available by PLDT’s CURE unit, following the acquisition of Digitel by the incumbent.
Last year, PLDT, the country’s largest telco, acquired number three Digitel for US$1.6bn. In order to ease competition concerns, the regulator ordered PLDT to divest 10 MHz of 3G frequency in the 2,100 MHz band held by CURE.
Over the past few months, San Miguel, which mainly focuses on the food and drink sectors, has expanded its footprint in the telecoms industry by acquiring local telcos, some of them dormant, and increasing its stakes in existing units.
