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(LIB) as well as in enfranchised companies including Bell Telecommunication Philippines, Inc.; Eastern Telecom Philippines, Inc.; Express Telecom, Inc.; and Tori Spectrum Telecom, Inc., among others.

On June 21, 2016, GLO exercised its rights as holder of 50% equity interest of VTI to cause VTI to propose the conduct of a tender offer on the common shares of LIB held by minority shareholders as well as the voluntary delisting of LIB.

Patalinghug, second from left, after delivering a speech at the Asian Institute of Management in Makati.

Joining him are AIM Associate Professor Wilfred Manuela, American Chamber of Commerce-Philippines Chairman John Forbes and Phl Competition Commission Economic Office head Isabela Villamil.

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So Smart was bought by PLDT, Islacom was bought by Globe, Bayantel was bought by Globe, Sun was bought by PLDT, so from deregulation you have some consolidation,” stressed Patalinghug.“The only realistic third player is the government, but its social value is its cost-insensitive capacity to pour investments in “last-mile” and high costs areas, and to build “last-mile” network that complements with existing networks,” he said.