PHILIPPINE Telegraph and Telephone Corp. (PT&T) has denied forming a partnership with three entities for its telco player bid, contrary to a report by a research arm of Fitch Group.

“We would like to clarify that there is no partnership between Philippine Telegraph and Telephone Corporation (PT&T) and LG Uplus, National Transmission Corporation and National Grid Corporation of the Philippines,” the company told the local bourse on Monday.

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