The Streamtech Systems Technologies Incorporated, a Manny Villiar-led telecom, is interested to bid as the Philippines’ third major telecommunications company behind the duopoly Glove and Smart.
“Yes, they [Streamtech Systems Technologies Incorporated] expressed interest but would have to look for a foreign partner that has at least 10 years [of experience] in a nationwide telco business,” Acting Department of Information and Communications Technology Secretary (DICT) Eliseo Rio Jr. said on Wednesday, October 24.
Systems Technologies was awarded a 25-year franchise to operate as a telecommunications system across the archipelago by President Rodrigo Duterte.
Accordingly, the National Telecommunications Commission (NTC) confirmed that a company bought bidding documents, which cost Php1 million per set, on the same day the Systems Technologies was awarded a franchise.
However, the NTC said that the telecommunication company has requested to remain incognito.
Manuel Paolo Villar, the son of former Senator Manuel Villar, said in an interview that they would launch wireless internet services to Vista Land properties.
He also added that their telecom company is interested in making footprints nationwide and may seek a foreign investors to do so.
There are a total of 9 telecommunication companies have acquired bid documents and will likely participate in the bidding in next month. These include China Telecommunications, Mobiltel Holding GMBH, Telenor Group, Udenna Corporation, TierOne Communications and the Luis Chavit Singson Group, Now Telecom and Philippine Telegraph and Telephone. The other two are undisclosed companies.