Philippines-based telecommunication giant Globe Telecom has installed 39 new cell towers in underserved areas across the country, media reports said. Some of the areas where these cell towers have been installed are Mindanao, North Luzon, South Luzon and the Visayas.
In this regard, Joel Agustin, Globe senior vice president for program delivery told the media, “This is just the start because Globe recognizes the value of connectivity as the rest of the country continues to cope with the demands of the new normal. Our aggressive network builds and investments in areas that matter to us, where our customers need the service they deserve, will continue in 2021. Our rollouts in previously underserved areas will set the stage for more builds as we reach out to more far-flung areas in the country.”
Last month, GCash, the mobile wallet platform of Globe Telecom, raised over $175 million in investment from private equity company Bow Wave Capital Management (Bow Wave) and shareholders. In a statement, Globe Telecom said the cash injection raised the valuation of the mobile wallet platform close to $1 billion.
The Philippines telecom sector is currently dominated by Globe Telecom and PLDT, however, the newly formed Dito Telecommunity has revealed it is planning to launch in the country by March this year. The telco also said it is confident it will pass the government technical audit which is due this year. Dito earlier planned to launch at the beginning of last year, however, the plan was postponed due to the coronavirus pandemic. Dito is a joint venture between Udenna Group and China Telecom.