By Arabian Business staff writer
Move would mark Qatari operator's second major investment in southeast Asia.
San Miguel Corporation, the largest Philippine food and drinks company, said on Monday it would partner with Qatar Telecom (Qtel) to provide telecommunications services in the Southeast Asian nation.The venture will "look into opportunities in the wireless broadband, mobile and mobile broadband businesses in the Philippines," San Miguel said in a statement quoted by newswire Bloomberg.
"San Miguel believes that the Filipino consumer will be the ultimate beneficiary of its intended investments since customers will now have access to a reliable service provider offering affordable high-speed wireless broadband and communication solutions," the company said.
Qtel recently completed the acquisition of a majority stake in Indonesia's second largest mobile operator in Indonesia for $1.8 billion.