Many rumors are circulating the internet about TELSTRA and San Miguel Corporation investing for a wireless joint venture in the Philippines. Where did it all start? Nobody knows. It maybe because of a Facebook status about a new player in the telecommunications market in the Philippines that has been going around. Or from people that are tired of the super slow internet connection here in the Philippines. Or maybe because of the photo below of a rumored TELSTRA Philippines HQ.

Or this photo comparing Smart and Globe to Telstra.

Image source: Juan Nationalist Facebook page

Rumor: Telstra to invest $1 Billion on a new mobile venture in the Philippines.

Upon seeing this posts from Facebook, we can’t help but wonder about the legitimacy of this information. That’s why we search online if the rumors are really true.

So to put an end in the speculation here is what Telstra had to say.

There has been a discussion between Testra and San Miguel Corp. according to Telstra but nothing has been finalized, no contracts signed, no agreements made and there is NO assurance when this agreement will happen or if it will even happen in the future.