DLA Piper has advised China Communication Technology Co. Ltd. (China Communication) on the acquisition of G. Telecoms Inc. (G. Telecoms), a major telecommunications carrier in the Philippines. With this transaction, China Communications aims to expand its footprint into other countries in the South East Asia region.

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 telecommunications 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. I am pleased that we were able to overcome such hurdles in both jurisdictions, which highlights our innovative minds as well as our M&A experience in cross-border transactions. We continue to see a strong demand for satellite services in the Asia Pacific region, which falls under the Belt & Road Initiative."

The DLA Piper team advising on the deal comprised Corporate of counsel, Janny Tai, associates Shawn Xin and Michael Ho. Singapore-based Corporate partner Joe Bauerschmidt and Senior associate Oscar Tan also advised on the transaction.

China Communication is a Shenzhen-based national hi-tech enterprise focusing on the research and development of high-frequency spectrum, and is also a leading integrated mobile broadband service provider.

Founded in 1965, G. Telecoms is the third leading telecommunications operator in the Philippines, with a full telecom operating license covering the entire country.