Deals
China Telecom Studies Philippine Entry After Duterte Offer
- Philippines says phone company chosen by China to invest
- Company has to find Philippine partner, Duterte spokesman says
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China Telecommunications Corp. is studying an investment in the Philippines after President Rodrigo Duterte invited China to enter the Southeast Asian country and challenge local phone carriers PLDT Inc. and Globe Telecom Inc.
The Chinese government, which controls its phone carriers, picked China Telecom to be the one entering the Philippines, Communications Secretary Martin Andanar said Sunday, citing information from a cabinet meeting last week. China Telecom will have to look for a local partner with an existing franchise and a significant presence in the Philippines, Andanar said.