A Shouting Match Between Cell Phone Giants

Subscribers lose out as two rivals fight over text messaging

For the normally decorous lobby of Tokyo's five-star Hotel Okura, the scene was extraordinary. While accompanying Philippine President Joseph Estrada on a state visit in June, two of the country's most powerful businessmen--First Pacific Executive Chairman Manuel V. Pangalinan and Ayala Senior Managing Director Fernando Zobel de Ayala--started to quarrel. The exchange escalated into a shouting match.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.