Philippine cell companies see bankruptcy in 3G bidding

18.04.2006

In the second hearing of the two House resolutions calling for an investigation, and the other nullification of NTC's awarding of 3G licenses, Salalima said Globe would not have bid if there was a bidding since 3G is not mentioned in Republic Act 7925 (Philippine Telecommunications Act).

'The law clearly states frequencies must be awarded only to the best qualified,' Salalima said during the hearing. 'The law itself clarifies that not every applicant ought to be given a chance to get frequency.'

Salalima described as 'exaggerated' the amount of P15 billion (US$293 million) to P25 billion that the government could have earned in a bidding or tender process, as mentioned in the resolution filed by Congressman Alan Peter Cayetano calling for an investigation of the awarding of 3G licenses.