Fitch unit: Liberalizing public services to benefit Philippine telcos

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Philippine Star

Ramon Royandoyan – Philstar.com December 22, 2021 | 4:00pm MANILA, Philippines — Following the Senate’s green light on the Public Services Act, Fitch Solutions is bullish that this would boost appetite for foreign direct investments, particularly in telecommunications, in the Philippines. In a commentary on Wednesday, the Fitch unit said the country is being inhibited by its underinvested digital infrastructure, adding that allowing full foreign ownership in key industries would be good especially in the telecommunications and transport spaces, which will be classified as “public services” by …

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