MANILA, Philippines - The country's second-largest telecommunications firm, Globe Telecom Inc., signed Wednesday a $700 million agreement with China's Huawei Technologies Co. and Alcatel-Lucent for its modernization program.
Smart Communications Inc. is confident it's going to beat rival Globe Telecom Inc. in the postpaid market. Apple has finally given Smart the right to distribute the iPhone 4S, ending Globe Telecom Inc.'s exclusivity over the smartphone since its first version was launched in 2008.
MANILA, Philippines - Gokongwei-led conglomerate JG Summit Holdings Inc. said on Thursday it will exercise an option to sell some of its newly-acquired shares in Philippine Long Distance Telephone Co. (PLDT) worth $262 million to Japan's NTT Docomo Inc.
Globe Telecom President Ernest Cu told Business Nightly's Coco Alcuaz the company was satisfied with the National Telecommunications Commission's conditions on Philippine Long Distance Telephone Co.'s purchase of Digital Telecommunications Philippines Inc., short of giving Globe a PLDT 3G frequency it will bid for. He talked about how the 7-month-long issue was a distraction and how the company is positioned against the dominant player and possible new entrants.
National Telecommunications Commission (NTC) Director Edgardo Cabarrios told Business Nightly's Coco Alcuaz that as part of its approval of Philippine Long Distance Telephone Co.'s acquisition of Digital Telecommunications Philippines Inc., their "unlimited" or "unli" promotions will become permanent. He said the commission would revoke licenses if the companies don't comply with its conditions, because other penalties, such as a P200 per day fine, are too low.