“SpaceX is setting up a business entity that will provide internet service through low earth orbit satellites and is targeting to launch the first gateway for their satellites before the end of the term of President Duterte,” the DTI said in a statement on Sunday.
According to the DTI, the planned entry of SpaceX into the country was accelerated following the passage of amendments to the Public Service Act . Previously, these sectors were covered by the 40% foreign equity ownership cap implemented by the 1987 Constitution.
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