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Telstra Spending $1 Billion For PH Expansion

Image via the Australian
Image via the Australian

A big warchest for the new operator

Australian telco Telstra is looking to spend at most $1 billion if their talks with local food and beverage giant San Miguel pushes through.
Speaking with its investors during their annual investor day, Telstra chief Andy Penn outlined their plan if their talks with San Miguel bears fruit.
“We are not expecting it to be more than $1 billion. That would be essentially Telstra’s equity investment. We could own 40 per cent of the venture which would also have external financing as well,” Mr Penn said.
During the same event, the CEO also expressed his confidence in the expansion if it ever pushed through, citing the weakness of the current duopoly of PLDT and Globe.
“Frankly, let’s face it, go to the Philippines and experience the lousy service you get from the incumbent operators and you will see that the opportunity for a new operator to provide a much better quality of service. I think there’s significant opportunity. Of course any new venture comes with its level of risk is why we are being considered and measured,” he said.
“The Philippine market from a mobile perspective is interesting because there are only two incumbent operators. The EBITDA margins in the Philippines are relatively strong and were we to complete a deal, the partner is a very strong one”, he adds.
While there’s strong support for Telstra’s move to the PH, there’s still no concrete evidence of Telstra’s possible mobile plans currently.
The Australian telco offers multiple capped, tiered plans in the areas where they operate, which also include fixed lines.

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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14 Comments

  1. Rumor Control: 5 Things About Telstra That You’re Probably Wrong About – Alam ko lahat yan ungas! MEMA post kalang eh.. tapos ngaun post post ka ng ganito, mapaguusapan ba ang $1Billion kung hindi talaga totoo.. Parehas na silang may plan.. pati yung data cap na pinagsasasabi mo, tignan mo bagong offer ni globe ngaun, 50mbps 2.5k php ata, unlimited bandwidth. Tingin mo if ever matuloy na nga ang Telstra, maglalagay sila ng Cap? Mabibigat kalaban nila, Globe and PLDT, papano maeengganyo mga consumer kung basura ang offer nila. INUTIL! Kung ikaw magtatayo ng bagong tindahan, may dalawang kilalang tindahan kang katabi, papantayan mo ba presyo nila? Eh mas kilala na yung katabi mo, kung parehas lang pala presyo at quality, bat kapa lilipat? Ungas! BOBO!

    1. Fu___ng idiot. The Globe Platinum plans that go for P2,500/mo at 50mbps speeds without data caps are only available in posh residential areas like Forbes, Ayala Alabang, and select condos at the Fort like Beaufort or One & Two Serendra.

  2. WOW GUYS… THIS IS SUPER IMPRESSIVE @ ABOVE 2500 VIEWS PER HOUR ON THIS ARTICLE ALONE…

    THIS ONLY DRAMATIZES HOW FED UP & PISSED OFF MANY OF US WITH THE LOUSY SERVICES & THE SUPER GREED FOR MONEY FROM PLDT, SMART & SUN.

    “PLEASE NAMAN, ANY OTHER ISP BUT PLDT, SMART & SUN!!!”… THIS HAS BEEN OUR FERVENT PRAYER TO THE ALMIGHTY…

    AND NOW OUR PRAYERS HAVE BEEN PROMPTLY ANSWERED WITH THE HOPES OF HAVING TELSTRA IN THE PH !!!

    WITH PLDT, SMART & SUN, WE COULD NO LONGER REST & TRUST PAYING OUR HARD EARNED MONEY TO THESE PROVEN LIARS, CHEATS, SCAMMERS & THIEVES !!!

    IT IS JUST SO INSULTING TO REALIZE THAT THESE ISPs WOULD RATHER RENDER GOOD SERVICE ONLY TO THE SELECTED RICH SUBSCRIBERS OBVIOUSLY FOR THE SUPER BIG PROFITS.

    WHILE FOR US THE COMMON SUBSCRIBERS, THERE IS ONLY THE BLATANT DISCRIMINATION & THE UTTER DISRESPECT.

    THEY DON’T ACTUALLY SERVE THE POOR. THEY WOULD JUST PROMISE THEM GOOD SERVICE ONLY TO STEAL AWAY THEIR PAYMENTS. AND WHEN COMPLAINTS COME IN, THEY WOULD JUST PLAY DUMB , IF NOT PLAY DEAD…

    WOW… THIS HAS BEEN THE SAME HORRIBLE STORY OVER & OVER AGAIN.

    NOW, TELSTRA REPRESENTS THE ULTIMATE HOPE & SALVATION….
    A HEAVEN SENT !!!

    ENOUGH WITH THE PLDT/SMART/SUN ISP DEMONS & CRIMINALS. YOUR TIME HAS FINALLY EXPIRED !!!

    PLEASE LEAVE US ALONE BUT RETURN BACK WHAT YOU ALL STOLE FROM US, IF YOU STILL HAVE ANY CONSCIENCE IN YOU.

    WHAT YOU ARE NOW DOING TO US IS NO LONGER HUMAN, IT’S DEMONIC !!!

    HEAVEN’S JUSTICE HAS FINALLY ARRIVED !!!

  3. PUTANG NA LOOB NAMAN MAY MACOMMENT LANG ANG inutil MO!!! WALA KAYONG MAGAGAWA KUNG GANYAN KASI KASALANAN NAMAN TALAGA NI pnoy TO MGA gago KAYO!!!!

  4. FOR US SUBSCRIBERS, FOR THE LONGEST TIME, WE HAVE ALREADY BEEN DECEIVED, LIED TO, CHEATED, SCAMMED & ROBBED BY PLDT / SMART & SUN.

    AND TO MANY MORE, WE HAVE HELPLESSLY DEALT WITH THIS SITUATION WITHOUT ANY HOPE NOR RECOURSE.

    NOW IT’S ABOUT TIME THAT WE TAKE THE LEAD TO CREATE & TO ALLOW THE MUCH NEEDED CHANGE TO HAPPEN.

    THIS WILL ONLY BE POSSIBLE IF WE ALL UNITE WITH OUR ARMS CLINCHED & SHOUT WITH ONE VOICE TO DEFEAT THE TYRANNY BESETTING THE LOCAL INTERNET SERVICE SCENE.

    WITH OPEN ARMS & AN OPEN MIND LET US ALL WELCOME TELSTRA TO THE PH.

    IT WILL DEFINITELY BE COSTLY & TEDIOUS FOR TELSTRA TO SETUP SHOP IN THE PH, SO LET US ALL HELP, STAY POSITIVE & DO OUR SHARE TO MAKE THIS A REALITY FOR EVERYONE.

  5. SA
    PLDT / SMART / SUN :
    “LAGLAG SIGNAL” AT
    “TANIM SAMA NG LOOB”
    PARA SA MGA SUBSCRIBERS !!!

    HIYANG-HIYA NAMAN KAMI SA INYO !!!

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