Last week, the local tech website Unbox.ph did a good job of legitimate journalism and flushed out the real story, which bears repeating here since the rumor mill is still operating at top speed.
Telstra is not at this point “planning” to enter the Philippine market; we know this, because Unbox.ph writer John Nieves took the radical step of contacting the company’s media relations office and asking them a direct question.
Telstra has not set up a Philippine headquarters near the Mall of Asia (the odd-looking building that prominently displays the company’s name is its call center, jointly operated with Teletech, part of a BPO operation that has been here since 2013); it has not earmarked $1 billion to invest in building a network here (no monetary figures have actually been discussed by the concerned parties).
What has taken place, according to Telstra, is some preliminary discussion about an opportunity that seems promising, but may or may not be feasible. Present circumstances suggest that it will not be; for one thing, Telstra’s apparent choice of partner is a little dubious; SMC has money, but nothing in the way of useful experience in the telecom sector, and a less than impressive recent record when it comes to projects outside its core food and beverage competence (e.g., Philippine Airlines).