PH to open telcos to foreign control

By Agence France-Presse

Jul 21, 2017 12:15 am

OFFICIAL limits on foreign ownership of the Philippine telecom industry should be lifted to attract investment and improve its service, a Cabinet official said Thursday.

Currently foreign firms can own a maximum 40 percent of Philippine utilities, including telecom companies, which should be raised, said Socioeconomic Planning Secretary Ernesto Pernia.

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