Time is running out for China Telecom to land Filipino telco contract

The constitution of The Philippines states that any prospective new company entering the country's telecoms sector must be at least 60% Filipino owned.

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The Filipino government has reaffirmed its preference to partner with China Telecom in its bid to form a new telco but has warned that it may be forced to look elsewhere unless progress is made soon.   President Duterte had invited the Chinese government to nominate a Chinese firm to form a new national telco and stimulate competition in the Philippines' stagnant telecoms sector…

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