Caixin
Nov 08, 2018 07:23 PM
BUSINESS & TECH

China Telecom to Build Philippines’ Third Wireless Network

China Telecom’s win comes as Philippine President Rodrigo Duterte has made strengthening business ties with Beijing his top foreign policy priority. Photo: VCG
China Telecom’s win comes as Philippine President Rodrigo Duterte has made strengthening business ties with Beijing his top foreign policy priority. Photo: VCG

* Winning consortium is committed to investing $4.9 billion over five years, domestic media reported

* The wireless network will be one of the few operated by a Chinese carrier outside its home market

A consortium led by the parent of China Telecom has been granted a “provisional” license to run the Philippines’ third telecom network, a win analysts said was born from the “political advantage” of good ties between the two countries.

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