Beesiness as usual

That South Korean company interested to enter the telecoms market in the Philippines may have to wait longer before it can enter the market.

Thomas T. Y. Shinn, chairman and chief executive of Korea Importers Association (Koica), told reporters that a “big” South Korean telco is interested in pursuing a joint venture in the Philippines. He said the telco “very seriously wants to partner” to invest here, adding that, “It will be a very big investment.” But that pitch has failed to attract possible joint ventures. Just like what Secretary Domingo said in his press statements, all the telco firms have partners already and committed. They will find a hard time finding partners at present.