The Philippine Telegraph & Telephone Corp. (PT&T) will put up a national wi-fi service with a Chinese partner.
In a disclosure on Monday, the listed telecommunications firm said its chairman Salvador Zamora II signed a $500-million deal with China's CITIC Networks Co. Ltd. to roll out wi-fi internet connection, digital television, and satellite network services covering the whole country.
Zamora through his holding company Tranzen Group, Inc. signed the memorandum of understanding with Citic's Luo Ning last month in Beijing, forming part of the over $12-billion business deals fetched during President Rodrigo Duterte's latest visit to the Mainland.
Can we trust China? I guess we can experience what Venezuela experienced if China decides to flip the switch and shut down the entire country?
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