Singapore’s telecom giant Singtel announced it will enter the Philippine market and will offer fiber optics Internet connection.
According to the press release issued by the company on Friday, the plan will first cover regions and cities where fast Internet connection is badly needed. These places includes Clark, Metro Manila, CALABARZON, Bacolod, Cebu, Davao, and Iloilo City.
The idea was first introduced during the Aquino administration, but it was only realized after President Duterte opened the Philippine telecom market to foreign companies that can provide faster Internet connection. The Philippines has one of the slowest Internet connection in Asia with one of the worst ISP customer service.
Fiber optics is currently not available in the country where Globe and PLDT dominate the telecom market proving disappointing Internet speed.
Since Singtel will use the current available infrastructure, trial operation is set on March 2019, and full operation after one year (March 2020).
A couple of years ago, Australia’s Telstra was rumored to enter the Philippines on a joint venture with San Miguel, but the plan did not push through after protests by PLDT and Globe was reportedly sided by the Aquino administration.
Duterte earlier said he will invite foreign companies to enter PH Internet market if Globe and PLDT/Smart cannot provide better service – this is an answer to his threat.
The project is estimated to cost at least $3 billion, and can provide more than 200,000 local jobs. /Santi Valdevia/Disclaimer: Contributed articles does not reflect the view of Okd2.com. This website cannot guarantee the legitimacy of some of the information contributed to us. You may do additional research if you find some information doubtful. No part of this article maybe reproduced without permission from this website.