China Telecommunications Corp is making a major advance in its globalization strategy, with an association involving the company becoming the third major mobile operator in the Philippines.
The National Telecommunications Commission in the Philippines announced that the Mislatel consortium, which is composed of China Telecom and two local companies – Chelsea Holdings and Udenna Corp, had been selected to operate mobile telecom services in the country.
China Telecom stated that entering the Philippine market is an important advance in the expansion of its overseas presence, and that it will work hard to offer local consumers reliable services. It also mentioned that this latest move will also promote overall links between the telecom sectors in China and the Philippines.
“Partnerships will be strengthened among telecom gear makers, smartphone manufacturers and internet applications operators,” the company added.
The Philippines’ mobile market has long been dominated by two operators, Globe Telecom and PLDT’s Smart. Small players also exist, but most of them do not operate their own telecom infrastructure.
Also, China Telecom stressed that it would strictly abide by local laws and regulations amid the increasingly open, transparent and fair telecommunications regulatory environment created by the Philippine government, and it would work closely with local partners based on the principle of mutual benefit.