MANILA -- The Chinese-backed consortium behind the Philippines' third mobile network had no hope of achieving its stated goal of capturing 30% of the market within a few years, said rival telecom chief Ernest Cu.
In blunt remarks on Dito Telecommunity -- a joint venture between President Rodrigo Duterte's campaign backer Dennis Uy and the Chinese state-owned China Telecom -- Cu, CEO of Globe Telecom, said the new player lacked the scale to capture such a large share of the roughly $6 billion market.
