A few days ago while they are still ongoing with their promised expansion of fiber internet around the country, Converge and KT Telecom joined in the race for that prestigious 3rd telco provider
But earlier, things suddently changed as we got the press statement from Bim Santos of One News
As part of their official press statement, they said "after a thorough study and a deliberately optimistic outlook, Teltech, KT Corporation and Converge have decided not to bid in the NMP program. Mainly, the team concluded that while the market and industry outlook was financially viable, the conditions imposed for participation render the venture commercially unviable..."
As of this time, the only remaining bidder is Udenna Corp.-China Telecom with the ongoing submission of necessary requirements happening right now on NTC Selection Committee
Via 1
