Telstra Abandons PH Joint Venture Plan

Telstra Abandons PH Joint Venture Plan


Will there still be a third telco in PH?

The joint venture that everybody has been waiting for is not going to happen, as Australian telco Telstra has announced that they were unable to reach a commercial arrangement on a possible equity investment in the venture.

“While this opportunity is strategically attractive, and we have great respect for San Miguel Corporation and its President Mr (Ramon) Ang, it was obviously crucial that the commercial arrangements achieved the right risk-reward balance for all involved,” Mr Penn said.

Despite the company not going through with their plans, they have offered to continue to give technical network design and construction consultancy support to San Miguel.

Will San Miguel still pursue their plans of establishing a third telco? Yes, at least that’s what San Miguels’ Ramon S. Ang is planning when he was interviewed a few weeks ago.


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