Since Rodrigo Duterte's ascent to presidency, the Philippines has been abuzz with anticipation of large-scale Chinese investments. In a sign of the continuing drive to bring in Chinese money, the Southeast Asian country is now opening up its telecommunication sector to Chinese investors.
China Telecom is expected to challenge the years-long dominance of Globe Telecom, a unit of Singapore Telecommunications, as well as PLDT, which is backed by Japan's Nippon Telegraph and Telephone (NTT) and Indonesia's Salim Group.
