As telco profits dip, MVP floats consolidation

MANILA, Philippines — Tycoon Manuel V. Pangilinan is again raising the prospect of consolidation among the country’s four major telecommunications companies as they grapple with rising costs, sluggish revenue growth, and pressure on consumer spending. “We have four telcos serving a very small market,” Pangilinan said at PLDT Inc.’s third-quarter briefing on Thursday, noting that