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Philippine mobile leader plays down China Telecom's targets

State-owned Chinese operator teams up with Duterte pal Dennis Uy

"Let's put it this way, if I were asked to run that company and say, 'Give me this goal,' I'd say, 'You got to be dreaming.'" -- Globe CEO Ernest Cu. (Nikkei Montage/ Source photo by Getty Images/ Reuters) 

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.

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