PLDT and Globe has just signed a memorandum of understanding (MOU) will significantly drop the interconnection fee between the two networks.
In a press event today, the two telecommunications company adhered to President Rodrigo Duterte’s call to lower rates and improve services or else he will be open in bringing in foreign telcos to compete. The President has previously said the same statement, but with regards to improving the internet services in the country.
Department of Information and Communications Technology (DICT) said that it will not be effective immediately this year to give telcos sufficient time to prepare.
Back in May, PLDT and Globe has also teamed up in buying the telco properties of San Miguel Corporation to utilize the unused 700MHz which is a big factor in improving data services. And last June, they also signed an IP peering deal for better internet in the Philippines.
According to National Telecommunications Commission (NTC) Commissioner Gamaliel Cordoba, they made a study and discovered that other countries charge an average rate of Php2.20 to Php2.50 for interconnection.
Starting January 1, 2017, Globe and PLDT interconnection rates will be no more than Php2.50, shaving a massive 40% from the current ongoing rate of Php4.00 per minute for mobile-to-mobile and landline-to-mobile voice calls. Mobile-to-landine fees are also expected to get a price cut, down from the current Php3.00 per minute.
Source: GMA News