Strategically located in all 81 provinces of the Philippines, Landbank will offer Western Union Money Transfer services, enabling consumers to receive money from more than 200 countries and territories around the world.
A circular that will require banks to report as soon as possible any cyber attack and other information technology-related incidents in their systems is expected to be released in September.
Towers built by the company may also be leased to existing and new telcos to further improve their services amid government efforts to encourage the entry of a new player in the industry.
The bidder to be selected as the country's new major player should not have any merger plans or joint venture agreements with either the dominant telco players, the PCC said.
PLDT chairman and CEO Manuel V. Pangilinan said the company has signed a non-binding term sheet for the selling of its majority stake in Voyager Innovations this week, after foreign investors expressed interest in acquiring controlling stake in the digital innovations unit.
