MANILA, Philippines — President Rodrigo Duterte has warned courts from interfering in the entry of a third telecom carrier in the country by issuing halt orders in a bid to fast track the arrival of the company. The Palace earlier revealed that China Telecom would become the third player in the country's telecom industry, backed by a consortium of Filipino businesses. Duterte earlier threatened incumbent providers PLDT Inc. and Globe Telecom Inc. with new competition from China if they do not shape up. Restrictions on foreign ownership, however, cannot be all lifted administratively as several prohibitions need legislative action. READ: NEDA pushes maximum easing of foreign ownership limits

Source: Philippine Star December 19, 2017 08:37 UTC