There is little doubt that the consumer gets a raw deal in the Philippines, as evidenced by broadband quality data. The long-term sustainable solution is a third and perhaps a fourth operator. But that prospect receded. The Philippines’ San Miguel Corp (SMC), after failing to find a foreign partner to launch a third mobile operator in the country, announced it is selling its telecoms assets to incumbents PLDT and Globe Telecom for more than $1 billion, with each taking a 50 per cent stake. The two operators, which together have a 99 per cent market share of mobile connections, will pay a total of PHP52.