PT&T deals with Koreans

PT&T deals with Koreans

MANILA (UPI): Philippine telecommunications company Pt&T and its strategic partner, Korea Telecom Philippines Inc. have signed a 717.6-million peso ($27.3 million) agreement with Korea Communications Engineering for the installation of some 93,300 local exchange lines, company officials said yesterday.

Under the agreement, Korea Communications plans to supply the materials, labor and engineering components for the project, which is expected to be finished by the end of next year.

The contract was signed by Pt&T President Jose Luis Santiago, Korea Telecom president Hyung Shik Kim and Korea Communications President Deok Sik Kim.