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The Philippines Invited Chinese Companies into Its Mobile Communications Market

Well-known Chinese news site Sina recently reported that Harry Roque, the spokesperson for the Philippine President, confirmed at a press conference that Chinese mobile communications companies were officially invited to enter the Philippines domestic market. Philippine President Rodrigo Duterte personally extended the invitation when he met with Chinese Premier Li Keqiang not long ago. This is a special rights authorization to establish a third mobile communications company in the Philippines. The authorization not only includes cellular operation rights but also allows Internet connection services. It is still unclear which Chinese communications company will be the one entering this new market. The Presidential Office expects the Chinese application to be submitted in 45 days. Not long ago, the Philippines granted a U.S. Facebook company rights to take on the Trans-Pacific Cable project.

Source: Sina, November 20, 2017
http://finance.sina.com/bg/economy/sinacn/20171120/19391676717.html

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