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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 tech and gadget enthusiast who spends his day blogging, writing fiction, and watching NBA clips on YouTube.

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