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In order for VoIP providers to penetrate the Philippine market, they must comply first with the general requirements set forth by the National Telecommunications Commission. And this is the only time that they can do legal business.
But if the VoIP providers can penetrate the market, the local residents will benefit greatly because all international calls will surely be much cheaper compared to the current rates being offered. Almost every person welcomes an opportunity to save money, and with VoIP around, there is another option for the people.
A lot of VoIP providers are attracted to the Philippine market because they are aware that many Filipinos are working overseas. And so their families in the country are always making overseas calls. There are at least 8 million overseas Filipino workers, and this is quite a huge market.
This is one main reason why many VoIP providers are hesitant to make any investment in the Philippines. Many telecommunications companies are claiming that the issue has long been in debate, and that they have rights to provide service in the country at a much lower capital. But they cannot argue with the authorities. The NTC is quite firm as to their rules and regulations. This is only to preserve small investors and its local residents as well.
Because of this effort, VoIP providers are now required to pass through fixed-line networks of carriers.
Nowadays, very seldom can you find countries without computers. The Philippines is a small country in Asia, and is rather behind compared to already developed countries. But this doesn't mean that local residents are not conscious of the new developments on the net.
The National Telecommunications Commissions or the NTC regulates and addresses all issues concerning telecommunications. And one of the many things that the institution is trying to monitor is VoIP services.
The cost of making an international name at present is about $zero.40 per minute. And if a person is using VoIP, the cost in making international calls can be greatly decreased to as low as $zero.10 or lower per minute. A lot of Filipino families can save as high as 75%.
The NTC assigned codes to the several companies concentrated in local exchange. According to the guidelines set by the NTC, all in and outbound VoIP should pass the local exchange's network. Those providers using foreign addresses are prohibited in doing business in the country because they bypass the network.
You must remember that there are many scams going on in the Internet. And the NTC is just protecting the people from possible scams. Their effort is geared towards blocking fly-by-night VoIP providers to preserve applicants.
In the Philippine context, a VoIP provider is an entity or a person who provides VoIP services on to the people. They may also be resellers who are paid with certain amounts of reimbursement. They are required to post a performance bond worth five million pesos and having at least a capital of ten million pesos.
The Philippines has a very large market for overseas calling. Now, almost all current companies are quite competitive in giving their telephone service to many overseas Filipinos. In fact, there are different offers which allow the several families to save in making their international calls.
All other Asian nations are making the a number of the advantages of VoIP. But soon sufficient, after the long debates are through, the VoIP providers can do business in the country.
VoIP is not new in the market; in fact, it has been used for a number of years now. But not all people are conscious of its services; and what the several providers has to offer. According to the NTC, all VoIP providers are required to place a bond of guaranteed performance, and must have a paid-up minimum capital in order to deliver their services to the people.
The NTC further requires that VoIP providers posting performance bonds should be from registered surety companies or insurance plan companies.
