MANILA, Philippines -- Food and beverage giant San Miguel Corp. has entered into a joint venture with Qatar Telecom to provide broadband and mobile telecom services in the Philippines, a company statement said Monday.

"San Miguel believes the Filipino consumer will be the ultimate beneficiary of its intended investments since customers will now have access to a reliable service provider offering affordable high-speed wireless broadband and communication solutions," the statement added.

It did not state how much Manila-based San Miguel would be investing in the joint venture or when it would start services.

San Miguel spokesmen declined to elaborate further.

The company is involved in beer, beverages, liquor, dairy products and food processing but it has been branching out in recent months and officials say they are eyeing investments in power, utilities, oil and mining.