11 Apr PTT teams up with US investment company to widen coverage to 7m homes nationwide
Philippine Telegraph and Telephone Corp. signed a strategic partnership with US-based investment firm Continental Advisory Services LLC/Urban Logistic Advisory Services Inc. to expand its coverage nationwide.
“Partnering with CAS/ULAS comes at a crucial time as PT&T seeks to sustain its growth momentum, having experienced a streak of non-stop growth quarter by quarter from 2017 and through the pandemic,” PT&T president and chief executive James Velasquez said.
“We are confident this development will place PT&T on a stronger track towards our goal of becoming the partner of choice for broadband connectivity and cutting-edge digital transformation solutions in the markets we serve,” he said.
The move sets the stage for PT&T to upgrade its network infrastructure and expand coverage in high-growth and underserved service areas in adjacent regions of National Capital Region and its reach to key cities around the country.
The partnership will expand PT&T’s footprint 10 times over the next two years, translating to 7 million homes and businesses passed, providing more competitive Internet and IT services in an area where close to 40 percent of the population is based.
It also signals PT&T’s renewed confidence and vigor to rebound as a major telecom and ICT player in the Philippines.
As a strategic partner, CAS/ULAS will also share technical expertise to PT&T in the areas of integrated engineering and outsourced logistics services, given the extensive network of leading US-based technology accelerators in its fold.
PT&T has a network reach of 22,800 fiber kilometers in high-growth areas and covering almost 40 percent of the total Philippine population.
PT&T holds a 25-year franchise which allows the company to establish, maintain and operate both wired and wireless telecommunications systems for domestic and international communication in the country.
News Source: Manila Standard