China Telecom enters Philippine market

China Telecommunications Corp is making a major advance in its globalization strategy, with a consortium involving the company becoming the third major mobile operator in the Philippines.

The National Telecommunications Commission in the Philippines announced on Monday that the Mislatel consortium, which is composed of China Telecom and two local companies - Chelsea Holdings and Udenna Corp, had been selected to operate mobile telecom services in the country.

China Telecom said in a statement that entering the Philippine market is an important advance in the expansion of its overseas presence, and that it will work hard to offer local consumers reliable services.