President Rodrigo Duterte last month offered China the “privilege” of challenging a longstanding duopoly that has frustrated consumers because of slow and intermittent internet and mobile phone services.
Duterte is making good of his promise to the people, saying that if these to telco gians will not shape up and continue to be a burden to us, then he will let a third party, a foreign one to come in to even the playing field.
China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services.
Duterte is making good of his promise to the people, saying that if these to telco gians will not shape up and continue to be a burden to us, then he will let a third party, a foreign one to come in to even the playing field.
China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services.
“The Chinese government selected China Telecom to invest in the Philippines upon invitation by President Duterte during the bilateral meeting last Nov. 16,” Eliseo Rio, secretary of the Department of Information and Communications Technology, told Reuters.
The Philippine constitution’s 40 percent cap on foreign ownership of domestic telecoms companies has kept interest from multinationals at bay in the market of more than 100 million people. Presidential Communications Secretary Martin Andanar said the state-owned Chinese company should partner with a reputable Philippines company with an existing telecoms franchise.
SOURCE:facebook
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