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在线翻译:
szdaily -> Markets
China Telecom expands into the Philippines
    2017-December-12  08:53    Shenzhen Daily

CHINA Telecom Corp. could become the Philippines’ third telecom player, officials of the Southeast Asian nation said Sunday, as the government looks to stir up competition in an effort to boost notoriously poor service.

Philippines 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.

“The Chinese Government selected China Telecom to invest in the Philippines upon invitation by President Duterte during the bilateral meeting last Nov. 16,” said Eliseo Rio, secretary of the Department of Information and Communications Technology.

Chinese companies could not operate alone in the Philippines and would need to partner with a local company.

Duterte’s government is now looking at who will partner with China Telecom on a 60-40 basis, Rio said.

The Philippine constitution’s 40 percent cap on foreign ownership of domestic telecom companies has kept interest from multinationals at bay in the market of more than 100 million people. Presidential Communications Secretary Martin Andanar said China Telecom should partner with a reputable Philippines company with an existing telecom franchise.

“The government is fast-tracking this because consumers are getting annoyed with dropped calls and slow Internet connections,” Andanar said.

Also seeking to be a major player is Philippine Telegraph & Telephone Corp., which had said it was talking with China Telecom and Datang Telecom about strategic partnerships to challenge the nation’s dominant duo of PLDT Inc. and Globe Telecom Inc. (SD-Agencies)

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