convenience of establishing a 100% Foreign owned Telecommunication Company in the Philippines
Following the amendments to the Public Service Act by Republic Act No. 11659[1] allowing foreigners to fully own companies in the telecommunication, shipping, airline, railway, toll road, and transport network vehicle industries as a public utility, His Excellency, President Ferdinand R. Marcos Jr., issued Executive Order (EO) No. 32 series of 2023. The executive order …