Memorandum Circular 09-09-2018, which was published yesterday, contained the final terms of reference (TOR) for companies wanting to become the country’s third telco player. Submission of the selection documents is set on Nov. 5. Cordoba said participating companies and the “provisional new major player” would already be known by Nov. 5. According to Cordoba, the final TOR was a result of joint efforts by various agencies and consultations with stakeholders. The final TOR also provides a more flexible performance security terms for the winning bidder.

Source: Philippine Star September 21, 2018 15:56 UTC