China Telecom chosen to enter PHL as third main telco player

Jjon Viktor D. Cabuenas, writing for GMA News;

China Telecom Corporation Limited has been chosen by the Chinese government to enter the Philippine telecommunications industry as the third player, Presidential Communications Secretary Martin Andanar revealed Sunday.

If everything goes as reported, China Telecom will partner with Philippine Telegraph & Telephone Corp. (PT&T), since foreign companies needs to find a partner to do business in the Philippines. China Telecom cannot exceed 40% ownership of the company that will be formed with Philippine Telegraph & Telephone Corp. (PT&T).