PBBM signs IRR for Konektadong Pinoy Act, paving way for new telcos

President Ferdinand Marcos Jr. signed the implementing rules and regulations (IRR) of the Konektadong Pinoy Act.

The law aims to foster competition and enhance internet services by removing franchise requirements for data transmission industry participants.

DICT Secretary Henry Aguda stated that six to seven potential new telco players have expressed intent to enter the Philippine market.

Each new player is projected to invest between $1 billion and $1.5 billion.

The IRR will become effective 15 days after its publication.

Currently, the Philippines has approximately 30,000 cell sites, which is 30 percent of the government's target of 100,000.

Fifty percent of the country is covered by fiber optic cables.