The Philippines has seen liberalization in the telecommunications space since the updated version of the Public Service Act was put into force.

Seeking to capitalize on the idea, foreign companies are looking into the country to bring their business, as per the Department of Information and Communications Technology (DICT). One that, if made possible, could lead to greater competition among longstanding local telco players.

Before the enforcement of the amended law, the country was rife with red tape that enabled sluggish business application processing.

Speaking during the blessing of the agency’s new office in Quezon City, DICT Secretary Emmanuel Rey Caintic claims that they can expedite the process of applications for anyone wanting to enter the local market when it comes to telco service.

While Caintic did not disclose the names of the enterprises fitting the description, he suggests that some of the firms hail from the US and Europe.

Meanwhile, Elon Musk’s SpaceX appears to be well on its way to offering satellite-based internet service to Filipinos with Starlink, following a recent meeting with the Trade Department.

Source: ABS-CBN News

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