State-run China Telecom secures bid documents for 3rd major telco

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Chinese bidder China Telecom follows the lead of Norway's Telenor.

Metro Manila (CNN Philippines, October 12) — State-run China Telecom acquired bidding documents for the third major telecommunications player in the country, the Department of Information and Communications Technology (DICT) said Thursday.

This is the second foreign company to show interest in challenging the dominance of Globe Telecom and PLDT-Smart. Norway's Telenor was the first foreign firm to buy bid documents.

DICT announced on Facebook that the Chinese company bought the documents on Friday.

Other companies vying for the third telco slot are the consortium of former Ilocos Sur Governor Luis "Chavit Singson's" LCS Corp and Tier One Communication, PT&T, Udenna Corp of Davao City-based businessman Dennis Uy, and another local firm which the DICT and the National Telecommunications Commission have not identified.

Another company, NOW Telecom, sued the NTC for an alleged "money-making scheme" in the bidding process.

President Rodrigo Duterte earlier said he plans to have the next major player named by the end of the year.