Philippine cell companies see bankruptcy in 3G bidding

18.04.2006

'We would have gone to the courts to stop a bidding as scandalously high as P2 billion,' Salalima said in the hearing.

House Oversight committee chair Congressman Danilo Suarez, in his resolution calling for the license nullification, claimed the P2.3 billion NTC got in the awarding of licenses is so 'miniscule' compared to the revenues earned by countries with a smaller population like Italy and the U.K., whose governments made $10 billion and $30 billion (P1.9 trillion) respectively, by openly bidding out the use of available frequencies devoted to 3G technology.

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