Exclusive: Philippines' PT&T seeks partners for broadband cell services talks to Chinese firms
Salvador Zamora
Salvador Zamora  told Reuters PT&T expects to sign a deal by Dec. 15 with ZhongXing TianTong Technology Co Ltd to provide broadband services  and wants foreign partners to provide expertise  infrastructure and capital for internet expansion and a new cellular services.
 Zamora  in August bought into the little-known  debt-ridden firm for just 264.9 million pesos ($5.23 million).
PT&T is listed on the Philippine Stock Exchange and provides broadband services in Manila and adjacent provinces. Trade in its shares was voluntarily suspended as long ago as 2004  however but  Zamora  said the firm was working towards resuming trade.
 Zamora 's confirmation of PT&T's engagement with Chinese firms comes after President Rodrigo Duterte offered China the "privilege" of being his country's third telecoms operator  following through on a threat he made last year to Globe and PLDT to shape up  or face competition.
 Zamora  described Duterte's move as a "Godsend"  adding that Chinese companies could not operate alone in the Philippines and would need to partner with a local firm.
"The market is so vast here. It seems the competitors  the duopoly  they are not at all customer-oriented "  Zamora  said.
[TGT] told Reuters PT&T expects to sign a deal by Dec. 15 with ZhongXing TianTong Technology Co Ltd to provide broadband services  and wants foreign partners to provide expertise  infrastructure and capital for internet expansion and a new cellular services.
  [TGT] in August bought into the little-known  debt-ridden firm for just 264.9 million pesos ($5.23 million).
PT&T is listed on the Philippine Stock Exchange and provides broadband services in Manila and adjacent provinces. Trade in its shares was voluntarily suspended as long ago as 2004  however but   [TGT] said the firm was working towards resuming trade.
  [TGT]  's confirmation of PT&T's engagement with Chinese firms comes after President Rodrigo Duterte offered China the "privilege" of being his country's third telecoms operator  following through on a threat he made last year to Globe and PLDT to shape up  or face competition.
  [TGT] described Duterte's move as a "Godsend"  adding that Chinese companies could not operate alone in the Philippines and would need to partner with a local firm.
"The market is so vast here. It seems the competitors  the duopoly  they are not at all customer-oriented "   [TGT] said.