Taiwanese government initiates nationwide Wi-Fi project; Chunghwa to deliver bulk of 2,500 hot spots

A move by Philippine Long Distance Telephone Company (PLDT) to meet the terms of a recent Supreme Court ruling on foreign ownership through the issuing of voting preferred shares has gone off-track, the Philippine Daily Inquirer reports citing a PLDT statement. The telco says it failed to drum up enough backing for the plan and fell short of securing a quorum of shareholders needed to approve the measure to increase its capitalisation via the share issue [More]

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