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| Globe Announces One Digital Nation Program, Invests Heavily In Fiber Optic Infrastructure |
Globe Telecom announces that the majority portion of its $750 million capital expense for 2016 will be invested heavily in deploying fiber optic cables in 20,000 barangays all over the Philippines to provide more reliable and faster internet connection to about 2 million homes nationwide.
The announcement was made last night during the Wonderful World with Globe IX held at the Marriott Grand Ballroom in Newport City. The move is part of Globe's campaign in transforming the country to become a digital nation by 2020.
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The new fiber optic infrastructure is expected to be completed in five years time and will surely enhance the country's internet experience by providing more coverage in areas with spotty service or no connection at all. Moreover, it will increase the bandwidth and capacity of Globe's network for both mobile and wired technologies, giving users lower latency, higher download and upload speeds as well as faster high-definition multimedia content streaming.
In addition, Ernest Cu, Globe President and CEO, also unveiled that Globe, together with SingTel, will also invest multi-million dollars in building its own submarine cables from the Philippines directly to the USA. The route will be different from the usual Taiwan or Japan path, instead the landing station will be in Davao and will go straight to Guam, which is the first not only for the PH, but for the whole SEA.