BMI: Third telco search shows ‘little momentum’

THE search for a new telco player has shown “little momentum” despite the release of proposed selection rules, BMI Research said, with an alternative to the PLDT-Globe duopoly likely to be up and running only by the end of next year “at the earliest.”

Commenting on a draft terms of reference (TOR) released last week, the Fitch Group unit said that new criteria had eased some technical requirements but also raised new demands for the prospective challenger.