Conglomerate San Miguel Corporation (SMC), led by billionaire Ramon Ang, has plans to start its own mobile telecommunications business this year, marking the possible entrance of the country’s fourth telco player.
In disclosure to the Philippine Stock Exchange, San Miguel confirmed a statement made by Ang for Inquirer.net last year about the opening a mobile phone service this year. Details are tight under wraps but the company said it is currently building a network of cell site across the country.
The Philippines telco industry in is currently dominated by Manny Pangilinan’s PLDT and Jaime Zobel de Ayala’s Globe Telecom. PLDT is the parent company of Smart Communication, Sun Cellular and Talk N Text.
SMC-branded telco joins new-comer ABS-CBN mobile, the telco foray of media giant ABS-CBN Corp. The latter was first announced in May involving a $3 billion network sharing deal between ABS-CBN Convergence and Globe in an attempt to become “the largest media and entertainment conglomerate.”