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Friday, March 29, 2024

Globe launches new cable

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Globe Telecom Inc. said it expects a faster and more efficient broadband connectivity in Mindanao and the rest of the country with the launch of the $250-million Southeast Asia-United States submarine cable system. 

“We are excited about this new investment because of the immense benefits that the undersea cable system will bring to the Philippines.  It will enable businesses to thrive and prosper with First World internet connectivity at cost-efficient rates in support of the government’s efforts to make the Philippines become globally competitive,” Globe president and chief executive Ernest Cu said over the weekend during the ceremonial launch of the submarine cable in Davao. 

“This will also make our network future-ready in anticipation of our customers’ growing bandwidth requirements,” he said.

Globe invested $80 million in new undersea cable system. This is on top of the $750-million capital expenditure the company budgeted this year to enhance its data capacities. 

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