Five Foreign Firms Lined Up to Become 3rd Philippine Telco

Philippines telcoDEC 22 – Telecom firms from Japan, Korea, and the United States are joining China Telecom and Australia’s Telstra in bidding to become the third telecommunications player in the Philippines. The move comes as the government decided to open the telecoms market for players that want to compete with incumbent telcos PLDT and Globe Telecom.

The foreign companies, however, are required to partner with local telecom firms to meet a 60-40 foreign ownership limit, said Elisio Rio, OIC secretary of the Department of Information and Communication Technology. Also, the third player will have to invest at least USD2.7bn to roll out telecom infrastructure
nationwide to compete with the Globe and PLDT.

Globe Telecom Earmarks USD850m for 2018 Expansion

JAGlobe president and CEO Ernest CuN 06 – Ayala-owned operator Globe Telecom is allocating USD850m for its capital expenditure this year in which a third telecoms player is set to enter the Philippines market. Globe president and CEO Ernest Cu said the company continues to expand its data network and address the surge in customer demand for on-demand video content.

Cu said capital spending for the year will finance the company’s commitment to provide a faster internet service to two million homes
by 2020. A significant portion of the company’s capital expenditure will also be utilized for the deployment of massive MIMO technology to expand and enhance its LTE network.

IT-BPO Jobs Among Most Sought-after in 2018

IT BPO DOLEJAN 02 – The Department of Labor and Employment (DOLE) said IT-BPO workers will continue to be in high demand this year, along with those in tourism and construction.

The latest data released by DOLE said in-demand and emerging jobs in 2018 will include those in the IT and BMP sectors, animators, social media analysts, data science analysts, software developers, website developers, graphics designers among others. Dominique Rubia-Tutay, director of the Bureau of Local Employment of DOLE, said social media-related jobs will also be in demand, especially with the upcoming 2019 elections.

Government Told to Speed up Proclamation of BPO Buildings

Monique Pronove CEO of Pronove TaiJAN 02 – Property consultants have urged the Philippine government to fast-track the proclamation of new buildings as Philippine Economic Zone Authority (PEZA) approved. PEZA-approved buildings are mostly occupied by IT-BPM companies because of the tax incentives, infrastructure, and other government benefits that they bring.

Monique Pronove, CEO of Pronove Tai, said the fast proclamation of office buildings will further attract business locators to move in or expand in the country’s major districts. In the last 14 months, only five out of 22 Peza-building applications were proclaimed in Metro Manila. Given high occupancy, this suggests that slow approval may be acting as a brake on take-up of office space by IT-BPM players.