Philippines News Archives

Tuesday, June 27, 2000

AC ( 06/27/2000 : AFX )
Asia Online Ltd is in discussion with Philippine Long Distance Telephone Co, Ayala Corp, RFM Corp and other firms for possible joint ventures in the Internet business, Asia Online Philippine manager Yu Ming Chin said. Yu said the company is also looking at possible acquisitions of other local Internet companies and fresh joint ventures with big firms for Internet projects. "By the third quarter of the year, we'll have a major announcement," he said. The new ventures to be formed with the local partners will likely focus on the areas of content management, e-commerce, and web solutions, he said. The company, which has operations in the U.S., Hong Kong, Philippines, Malaysia, Singapore, Australia, New Zealand, and India, has set aside 140 M to boost its revenue base, it said.
- posted by StockMarket @ 11:40 PM

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