MANILA, Philippines - Globe Telecom Inc. signed $750 million worth of deals with technology partners to accelerate the use of new LTE technologies for improved mobile internet services.
In a statement, the Ayala-led telco said the deals, which cover a period of five years and involve the deployment of new LTE spectrum in the country, were signed with Huawei Technologies Co. Ltd., Nokia and Wuhan FiberHome International Technologies in China.
“Globe is deeply committed in giving a wonderful experience to our customers by continuing to build and invest on our network. We are confident that our collaboration with Huawei, Nokia and Wuhan FiberHome will translate into a more robust Globe network that will meet the country’s future digital demands,” Globe president and CEO Ernest Cu said.
Through the deals forged, Globe and its partners hope to provide wider LTE coverage and better indoor penetration, through an estimated 4,600 sites in the country.
The agreement with Nokia involves the implementation of the project in the Visayas and Mindanao, while the deal with Huawei pertains to the deployment of LTE spectrum in Luzon.
The project will increase data and fixed-wireless broadband capacity to provide telecommunications services in many areas in the country that at present have no access to broadband services.
It is also expected to beef up the telecommunications infrastructure and address the adverse impact of typhoons that constantly hit the country.
Apart from the deployment of new LTE frequency, Globe also signed a separate memorandum of confirmation with Huawei and Nokia for a capacity expansion program for its corporate data network.
Through the fixed line network modernization project, Globe expects to improve the quality of Globe’s corporate network to make it more responsive to the needs of business and enterprises.
It will also transform the network by making it future-proof to better serve the heavy data traffic of enterprise customers.
In addition, Globe signed a memorandum of confirmation with Huawei and Wuhan FiberHome to build fiber infrastructure to support the rollout of fixed broadband lines in Filipino homes.
The deal supports Globe’s goal of delivering ultra-fast internet to around two million homes nationwide by 2020 through the deployment of fiber optics in 20,000 barangays.