NOW Telecom Co. Inc. and Philippine Fiber Optic Cable Network Ltd Inc. signed a memorandum of understanding on fiber optic infrastructure.
NOW Telecom is an affiliate of listed NOW Corp., while Philippine Fiber is a subsidiary of Singapore-based Hyalroute Group.
NOW Telecom and Philippine Fiber will “collaborate” on the commercial aspects of “shared fiber infrastructure assets nationwide including access to fiber optic cores and other related facilities,” according to a regulatory filing submitted by NOW Corp.’s corporate secretary Angeline Macasaet on Friday.
“Furthermore, the parties intend to collaborate on the fiber optic cable network rollout that will strengthen and support NOW’s nationwide expansion.”
Philippine Fiber intends to rollout a shared fiber optic cable network in phases in which NOW Telecom will be a part of, and is aligned with the government’s National Broadband Program. —Ted Cordero/VDS, GMA News