PRESIDENT Rodrigo Duterte offered to China the “privilege” to operate a third telecommunications company to break the current duopoly in the country, Malacañang said on Monday.
The agreement was made during the bilateral meeting between Duterte and Chinese Premier Li Keqiang in Malacañang on Wednesday, Duterte spokesman Harry Roque said.
“During the bilateral talks between President Duterte and the Chinese Premier, President Duterte offered to the People’s Republic of China the privilege to operate the third telecom’s carrier in the country,” said Roque.
Roque said the offer came after the Philippine government signed with an affiliate of Facebook a project entitled the “Luzon Bypass” of the Pacific Light Cable Network, which will provide bandwidth of two terabits per second.
“These two terabits is equivalent to the current capacity of the duopoly operators today,” he said.
“I repeat, the announcement is that duopoly, that telecom’s duopoly is about to end with the entry of the Facebook subsidiary as well as the offer by the President of the People’s Republic of China to operate the third telecom’s carrier,” Roque said.