PLDT and Globe agreed to reduce the charge cost of per minute interconnection rates.
A few days after the President Rodrigo Duterte uttered his affirmation of inviting foreign companies to join in. PLDT/Smart and Globe settled to lower down their interconnection rates for voice calls.
President Duterte encourages foreign players to fix the ailing services of the current telecom industry in the country.
In their statement, PLDT Director of Regulatory Affairs and Policy Office Ray Espinosa announced that starting on January 1, 2017 the interconnection rate between PLDT/Smart and Globe will only be P2.50 per minute.
PLDT Chief Revenue Officer Eric Alberto stated this price reduction will not affect the present system connection of two giant telcos. Ensuring that every subscriber will be accommodated with a better network services.
At first, it was Pres. Duterte demanded PLDT and Globe to fix their services, failing and he will allow foreign companies to enter the telecom industry in the Philippines.
During this event, PLDT and Globe discloses some of their ongoing projects to boost the country's internet connection.