The nation’s third major telco player behind Globe and Smart, Dito Telecommunity Corporation, has been admonished to “step up to the plate” before it can ask Congress for a franchise renewal.
Senator Grace Poe, chairman of the Committee on public services, said Dito officials should know better than to try to outwit legislators into granting the early renewal of its legislative franchise (which lapses in 2023) when it has not delivered the “satisfactory services” it had promised to the public.
“They have not proven anything yet, so why will we grant them the franchise immediately,” she was quoted as saying.
“Let’s scrutinize first if they can meet their promise of faster internet and the barangay connectivity they promised, at reasonable prices.”
Ms. Poe upbraided Dito officials, who attended the committee hearing, for trying to pressure senators into granting its request for early franchise on the pretext they need this to entice investors to plunk in more money.
Dito and its Chinese partner had ponied up a P25-billion performance bond (which will be forfeited in favor of the government if it fails to live up to its commitments) and the required P10-billion paid-in capital in 2019 for the requisite certificate of public convenience and authority to operate as the country’s third telco.
Photo: Young Entreprenuers Society of the Phils