Ayala Group, one of the oldest and largest Filipino business groups, the partnership with Singapore Telecommunications (SingTel) to run the company after the deregulation of the telecommunications industry in the Philippines. The partners must decide whether to continue the business in light of the current poor performance, but a significant future potential. Address the complexity of new unregulated industries, financing in emerging markets, and the role of business groups in economic development. Rewritten version of the previous case. "Hide
by Tarun Khanna, Krishna G. Palepu, Ingrid Vargas Source: Harvard Business School 27 pages. Publication Date: May 24, 2004. Prod. #: 704505-PDF-ENG
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