#foreign telco

Zamora II highlighted the possibility of forging business partnerships with foreign telco companies such as China Telecom and India's Jio, as part of its long-term plans in the business include being the better alternative to Singtel-backed Globe Telecom and NTT Group-backed PLDT. “But that’s further down the road. Zamora aims to take the company out of rehabilitation by next year and will explore possible partnerships with foreign telcos as far as Mexico when the Philippine Stock Exchange lifts off their 13-year voluntary trading suspension which could happen within the next three months. With the revival of the company, Zamora has revealed the reasons for entering the telco sphere. “This is a very promising business. We've already known since last year that a third telco player is entering the Philippines. Today, during an event in Malacañang, it was revealed that India has also expressed interest in entering the Philippine Telco space. There's cancellation of domestic and int'l flights, road re-routing, class/work suspension, no drone flying zones and the suspension of telecom services by telcos. Yesterday, just moment before the arrival of the Pope in the Philippines, network service by all telcos were suspended or turned off. Likewise, suceeding SMS messages also confirmed that telcos had to abide by the mandate of NTC to suspend or limit services due to security reasons caused by the Pope's visit. Read more in our articles including "PT&T: "We need a strategic partner"" and "India eyeing to enter PH Telco space".