Andanar said Acting Information and Communication Secretary Eliseo Rio told a recent Cabinet meeting that the state-owned company would be entering the Philippine market.
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Beijing has chosen China Telecom, China’s largest telecommunication company, as the third new player that would try to break that duopoly in the Philippine telecommunications market, Presidential Communications Secretary Martin Andanar said on Sunday.
“In our last Cabinet meeting, which was only last week, [Rio] reported that China has chosen the company that would invest in our country. It is China Telecom,” Andanar said in a radio interview.
“China Telecom is the biggest telecommunications company in China,” he added.
Andanar said China Telecom would have to find a local partner since the Constitution allows foreigners to own only up to 40 percent of public utilities.
Last Nov. 20, presidential spokesperson Harry Roque revealed in a press briefing that President Rodrigo Duterte offered to China the “privilege” of operating as the third telco player in the country to “break up” the industry duopoly of PLDT Inc. and Globe Telecom.
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Roque said that the President made the offer during his meeting with Chinese Premier Li Keqiang in Malacañang.
“During the bilateral talks between President Duterte and the Chinese Premier, President Duterte offered to the People’s Republic of China the privilege to operate the third telecom’s carrier in the country,”