Former Department of Information and Communications Technology (DICT) Undersecretary Eliseo Rio said he has not heard of any announcement that NOW Telecom is the country’s fourth telco from both the agency and the National Telecommunications Commission (NTC).
Rio said the company’s assertion of being the fourth telco only aimed to boost its stocks.
NOW Corporation, the parent company of NOW Telecom, announced it has secured an extension of its provisional authority (PA) to “install, operate, and maintain nationwide mobile telecommunication.”
Branding itself as the Philippines’ fourth telco player, NOW Telecom eyes to speed up the expansion of its broadband data services across the country.
When the government was searching for the third telco, NOW Telecom had expressed interest to bid but decided to withdraw from the search due to inadequate frequencies allotted for the winner, explaining its services would be insufficient to operate on a national scale.
With NOW Telecom consistently providing Internet speeds reaching 3.40Gbps (gigabits per second) for enterprise subscribers, the telco plans to extend its presence in the residential market to offer 5G broadband service.