(Eagle News) — Firms vying to be the third telecommunications company in the country should post a participation security of P700 million, the Department of Information and Communications Technology said on Friday, Sept. 21. Memorandum Circular (MC) No. 09-09-2018 said the participation security must be either in cash, a manager’s check, draft, or an irrevocable letter of credit issued by a universal or commercial bank in the country. Earlier, authorities said firms with outstanding liabilities to the government […]