UPDATE 1-Philippine lawmakers worry China Telecom may be a 'Trojan horse' [Reuters]
CHINA TELECOM (CHA)
US:NYSE Investor Relations:
chinatelecom-h.com/en/ir/presentations.php
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Source: Reuters
Philippine lawmakers worry China Telecom may be a 'Trojan horse' | Reuters 3 Min Read MANILA (Reuters) - Opposition members of the Philippine Congress raised concern on Wednesday that China Telecom Corp Ltd, which may enter the Philippine industry, could be a “Trojan horse” aimed at giving China access to state secrets. The Southeast Asian country aims to name a third telecom operator within the first quarter that will break the duopoly of PLDT Inc and Globe Telecom Inc. State-run China Telecom has been named as a possible investor in that third entity. President Rodrigo Duterte, who has warned both PLDT and Globe to shape up or face competition, has welcomed Chinese entities specifically to become the third telecoms operator. Beijing has selected China Telecom to invest in the Philippines, according to Philippine officials, but it would need to partner with a local company as it cannot operate alone under the law. China Telecom’s presence in the Philippines, however, does not sit wel
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