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It's win-lose for Telstra chief executive Andy Penn as Philippines plan fizzles

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Telstra's failure to negotiate a multibillion-dollar deal to build a new mobile network in the Philippines is a win-lose situation for chief executive Andrew Penn.

On one hand, it is a setback to Penn's vision of tapping into the opportunities from Asia's rising middle classes and finding new revenue streams as growth in its mature home market stalls.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
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    Original URL: https://www.afr.com/brand/chanticleer/its-winlose-for-telstra-chief-executive-andy-penn-as-philippines-plan-fizzles-20160313-gni2rm