Globe Telecom says third player to benefit consumers

Company believes a healthy competitive environment will ultimately benefit all consumers

Globe Telecom is open to the entry of new players in the local telecommunications industry as this will foster a healthy competitive environment that will ultimately benefit consumers.

“As repeatedly stated before, Globe is not opposed to the entry of a third player, or for that matter, as many players that the market can accommodate. Globe has always geared itself for growth and competition,” said Froilan Castelo, Globe General Counsel and Senior Vice President. “Competition has the potential of opening up new sources of revenue streams for telecommunications players while benefiting consumers with more innovative products and services at competitive rates.”