NOW Telecom is positioning itself to become the Philippines’ fourth telecommunications player with plans of entering the 5G network space.
The company, who recent signed a Memorandum of Understanding with Singapore-based HyalRoute Group through local subsidiary Philippine Fiber Optic Cable Network Ltd (PFOCN), plans to spend up to USD 2 billion to setup a fiber optic cable network in the country.
NOW Telecom already has a 25-year congressional franchise to provide telecommunications services to country and a cellular mobile telephone system (CMTS) license.
According to NOW Telecom president Rodolfo Pantoja, the partnership with HyalRoute Group will speed up the nationwide deployment of NOW through the availability of a nationwide transmission backbone.
“The nationwide backbone (of HyalRoute-PFOCN) allows us to replicate our success in Metro Manila with guaranteed throughput broadband services that continue to resonate with enterprises especially those where availability of reliable broadband is mission-critical,” Pantoja adds.
The recent developments will allow NOW Telecom to launch 5G offerings in the future and compete with PLDT -Smart Communications and Globe Telecom.