Beijing later picked China Telecom to invest in the Philippines, backed by a consortium of Filipino businesses. “The new major player shall be assigned radio frequency bands that are now available for assignment as identified by the NTC. Non-compliance with its commitment under section 2 hereof shall result in the automatic recall of the assigned radio frequencies,” it added. Incumbents PLDT Inc. and Globe Telecom Inc. hold the majority of radio frequencies. READ: China allays 'security threats' fear over entry of Chinese telecom to Philippines

Source: Philippine Star January 24, 2018 07:52 UTC