Government Oks Telstra’s $3.5B Fiber Optics to Challenge Globe, PLDT/Smart

Two years after the government of former President Benigno Aquino III rejected the Australian telecommunications giant Telstra, the company is now given another chance to challenge local Telcos like PLDT/Smart and Globe.

On Friday, the Department of Trade and Industry (DTI) signed a Memorandum of Agreement with Testra executives as first phase to enter the Philippine market.

Last 2015, the Aquino administration had rejected the Australian company from entering the Philippine Market.

President Rodrigo Duterte has repeatedly warned local telecommunications company to fix Internet connections or else he will allow foreign investors to compete locally.

The Philippine Senate on the other hand is about to pass a bill giving free Internet connections in all public areas like government offices, schools, and public plaza.

Telstra is expected to accelerate the country’s Internet connection, which is considered one of the slowest in Asia. /Meredith Luna/
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