Jaime Augusto Zobel de Ayala

Diversification

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Jaime Augusto Zobel de Ayala, Chair of the Philippines-based Ayala Group, with interests in real estate, public infrastructure, insurance, and banking, discusses how the government’s liberalization program in the 1990s led the firm into the new industry of telecommunications, and how it built a business in alliance with Singtel of Singapore. The joint venture Globe Telecom now operates one of the largest mobile, fixed line, and broadband networks in the Philippines.

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