NOW Telecom secures the 4th telco slot

NOW Corp said its telecommunications unit signed a deal with a Singapore-based firm for a nationwide fiber rollout as part of its “pivot” towards 5G.

NOW signed a memorandum of understanding with Hyalroute Group and its local unit Philippine Fiber Optic Cable Network Inc (PFOCN), the company told the stock exchange.

NOW has secured a 25-year Congressional Franchise in early 2018.

“NOW Telecom intends to intensify its national roll-out of telecommunications operations to provide a more competitive telecommunications industry landscape,” the statement said.

NOW said its new partner would help its telco unit launch “consumer-friendly 5G offerings.” 

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