DLA Piper has advised China Communication Technology on the acquisition of G. Telecoms, a major telecoms carrier in the Philippines as part of plans to expand its footprint into other countries in Southeast Asia. Melody He-Chen, DLA Piper’s corporate partner who led the transaction, said: “The Philippines has particularly stringent restrictions on foreign capitals investing in the telecoms industry. This transaction was also conducted at a time when the Chinese government was trying to step up its supervision on overseas investment by Chinese companies.
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