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Villar’s Streamtech and Converge ICT Joins Bid to Be Country’s Third Major Telco

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The family of former Senator and Billionaire Manny Villar’s Streamtech Systems Technologies and fixed line internet provider Converge ICT joins the bid of the Philippine Government’s third major telecom race.

The Department of Information and Cummunication Technology (DICT) announced recently that there are already seven bidders to be the country’s new third major telecom player in the country to break the current duopoly between PLDT and Globe Telecom. According to Inquirer.net, Converge ICT will partner with South Korea’s KT Group in a bid to be the third major telco in the country.

The winner of the bid will be awarded 3G, 4G and even 5G radio frequencies that will allow them to compete with PLDT and Globe Telecom. DICT is expected to announce a potential winner from the bidding on November 7, 2018.

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