Telecom rivals turn railway partners

Two telecommunications rivals have come together to work on upcoming rail projects. The deal forged on April 24 between Jaime Augusto Zobel de Ayala of Ayala Corp. and Manuel V. Pangilininan of Metro Pacific Investment Corp. was seen as a strategic move between the country’s two largest conglomerates. While the two groups are fierce competitors behind Globe Telecom and PLDT, they have agreed to bid as one when the government opens up bidding of infrastructure projects including work on the LRT-1, LRT-2 and MRT-3.

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