Globe To Spend $850 Million To Improve Internet Service
Ringo | On 10, Jan 2018
Globe Telecom, one of the two main players in the internet industry of the Philippines, is set to spend $850 million (P42 trillion) to improve its internet service.
Globe President and CEO Ernest CU said the majority of the funds will be “geared to meet customer demand for more bandwidth-intensive content, which, in turn, will support the revenue momentum of our data-related services.”
Cu said the company has been investing since 2015 so it can become “an admired nation for having first world internet connectivity” with aims at providing truth to its commitment to provide fast internet service to two million homes by 2020.
Another portion of the funds is set to be used to deploy a massive MIMO (multiple-input, multiple output) technologies to expand and enhance its LTE network.
The MIMO network will equip mobile networks the capacity of wireless connections without using too many antennas even with more users are connecting while consuming less power. This is quite application since many are now availing streaming services.
Globe is along with PLDT in the so-called duopoly of the ISP industry. It has been announced that the Duterte Administration already offered China Telecom the chance to become the third party in the field.