Now Telecom Co. Inc, an affiliate of Now Corp. (NOW) is positioning itself to be the 4th telco player through its impending partnership with HyalRoute and local subsidiary Philippine Fiber Optic Cable Network Ltd Inc. This partnership would allow Now to accelerate the firm’s nationwide expansion through the availability of a nationwide transmission backbone.
NOW’s nationwide expansion plan would be supported by the US$1Bil investment in the country by Singapore’s HyalRoute group. The HyalRoute group is investing between US$1- 2Bil to rollout a fiber optic cable network over 10years, which will then be leased to telcos and internet service providers like Now Telecom. (Source: Philstar)