South Korea’s LG,PT&T said to be in JV talks
South Korean mobile network operator LG Uplus is reportedly interested in entering the Philippine market in partnership with Philippine Telegraph and Telephone Corp. (PT&T).
In an interview with DZBB Friday, President Communications Operations Secretary Martin Andanar said the telco market is poised to enjoy exciting times with more global giants signifying interest to become the third telco player in the Philippines.
Andanar said LG and PT&T were exploring a possible joint venture to provide telco services.
Owned by South Korea?s fourth largest conglomerate, LG Uplus offers mobile telecommunication, internet phone, broadband Internet, IPTV, homeBoy, triple play, and [email protected] services. The company also provides datacenter services, network connectivity solutions, leased line services,roaming and managed cloud services.
PT&T earlier said it was in ?advanced stage? of negotiations for a partnership deal with a South Korean firm, which it refused to identify due to a binding non-disclosure agreement.
However, the Manny Zamora-led telco promised to disclose the identity of the Korean firm as soon as an agreement is finalized.
PT&T is keeping its options open as talks with China Telecom remain uncertain.
It is looking for strategic partners to expand its broadband service and launch cellphone operations in its bid to become a major player in the industry dominated by PLDT and Globe Telecoms.