NOW Telecom wants to become the country’s 4th telco

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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.

Also Read: Mislatel gets license to operate as the country’s third telco; Renamed Dito Telecommunity

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.

Last July, Mislatel, renamed Dito Telecommunity, received its license to operate as the country’s third telco.

Source: Manila Bulletin, GMA Network

Bryan is a geek at heart and a tech enthusiast by choice. He has a strong background in corporate communications, marketing services, and customer relations having worked in the telecommunications and banking sectors for over two decades. In his spare time, he enjoys watching clips on YouTube and binge watching shows on Netflix.

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