Telstra to enter Phiilippines market, to compete with Globe and PLDT.

**chronicle** · November 6th, 2015 06:36 PM

SMB has eastern and wimax. Telstra is really big, even bigger than pldt. In terms of equipment, Telstra has loads of it.

Regarding infra, unless smb starts buying lots in the metro, i dont think they can compete.

The permits for outside plant are the real pita. I dont think Telstra has any idea how awful it is.

In AU, Telstra has the infra. They own it, and resell lease them for profit.

**kisshmet** · November 6th, 2015 08:03 PM

the biggest asset telstra can bring with their partnership with san miguel is their huge experience in the telecoms industry

if action speaks louder than word, watch PLDTs action for any credence about this merger

**Monseratto** · March 14th, 2016 10:33 AM

Putting a lot of money and not having any management control over it is a common problem why there is little direct foreign investment in the oligarch economy of the PH.

Telstra drops Philippines joint venture plan
REBECCA THURLOWDOW JONESMARCH 14, 2016 9:46AM

Telstra and San Miguel have abandoned talks over a wireless joint venture in the Philippines, but vowed to continue pursuing growth opportunities in Asia.

Australia’s biggest phone and internet provider, which announced the talks in August, was looking to invest up to $US1 billion in the proposed wireless joint venture in the Philippines, which has one of the lowest mobile network speeds in the world.

However Telstra chief executive Andrew Penn said the companies were unable to reach commercial arrangements 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.

Telstra (TLS) has offered to continue technical network design and construction consultancy support to San Miguel.

The Australian telecommunications company had envisaged investing up to $US1 billion in the joint venture.

Telstra would continue to pursue growth opportunities in Asia consistent with its strategy, Mr Penn said.

The telco has boosted investments in Asia over the past 18 months, including the $US697 million acquisition of submarine cable network Pacnet, as its home market dominance comes under pressure from rivals.

“Our investment decisions will be guided by our capital management framework. Investments remain an important part of our future to ensure sustainable growth in earnings and shareholder returns over time,” he added.

Telstra shares closed at $5.16 on Friday, valuing the company at $63.08 billion.

With AAP