https://www.techinasia.com/telstra-s...lousy-service/
Telstra to spend $1B for Philippines telco venture, slams incumbents over ‘lousy service’
Australian telco Telstra will spend up to US$1 billion for a planned wireless joint venture with San Miguel Corporation in the Philippines, the company’s chief Andy Penn told investors today.

That’s just Telstra’s share in the JV. Partner San Miguel, a conglomerate with diversified interests in the Philippines, will also put money in the business, along with some banks that will provide financing.

“We are not expecting it to be more than US$1 billion. That would be essentially Telstra’s equity investment. We could own 40 percent of the venture, which would also have external financing as well,” Andy was quoted as saying by The Australian.

Telstra and San Miguel haven’t reached a deal yet, but talks are ongoing.

If it pushes through, the pair is expected to shake up the duopoly of telcos PLDT and Globe Telecom in the archipelago.

“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 [there’s] opportunity for a new operator to provide a much better quality service … I think there’s a significant opportunity,” Andy was quoted as saying.

San Miguel has been rolling out its mobile telecommunications network in the Philippines, through unit Bell Telecommunications.

The conglomerate had wanted to enter the mobile business for years, but this was delayed because of other acquisition opportunities, its president Ramon Ang previously said.


Over the past years, San Miguel has aggressively moved away from its traditional food and beer businesses and into heavy industries such as infrastructure, power, oil refining, and telecommunications.

For Telstra’s part, it won’t be its first time to break into Asia. It acquired Singapore- and Hong Kong-based internet services company Packet for US$697 million early this year. That deal was part of a A$5 billion (US$3.56 billion) budget it allotted for Asian ventures.
will telstra shake-up globe and PLDT from their lousy service? theres an on going rumor that it would be 50mbps some says 100mbps, for P2,000 and without data cap. but i cant find any supporting document on that rumor.