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Telstra Abandons PH Joint Venture Plan

telstra-1

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.

Source

John Nieves

John is a veteran technology and gadget journalist with more than 10 years of experience both in print and online. When not writing about technology, he frequently gets lost in the boonies playing soldier.

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8 Comments

  1. Maybe they realised that There’s simply NO money to be made in this country. It’s much more difficult to make money on a country that “prides” itself on a “Heritage of Smallness,” pa-tingi tingi magisip kaya kontento na sa tingi tinging prepaid load sa halip na magipon at mag-postpaid plan. Just ask Nick Joaquin.

    1. Have you seen the income generated by both PLDT & Globe through the years? It has always been in the BILLIONS! So where did you get the idea that there’s no money to be made in this country? The majority of the income generated by both telcos comes from the pre-paid market that comprises the bulk of their subscribers. Don’t underestimate the pre-paid market’s contribution to their bottom line.

  2. Pinoys be like:

    SI Telstra ang pag asa ng internet connection sa bayan
    Result: Nga-nga

    Si Duterte ang pag asa sa gobyerno
    Result: ????

    Tumigil na kau mga Dutertards at Telstard please!!!

    Ayan Dutertard na lng cguro

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