The Department of Information and Communications Technology signed an agreement with HyalRoute Group’s subsidiary Philippine Fiber Optic Cable Network Ltd. Inc. to roll out fiber optic cables nationwide.
HyalRoute, a Singapore-based company, is the leading provider of shared communication fiber network in Asia.
The partners signed a memorandum of agreement to strengthen the network connectivity of the Philippines through PFOCN’s Fiber Optic Cable Network investment valued at $1 billion to $2 billion from 2019 to 2028.
The DICT, in turn, will provide assistance to PFOCN in procuring the needed permits and licenses for the successful implementation of their initiative.
“There is a need for more fiber optic cables in this country, thus this partnership will greatly improve our telecommunication services,” DICT acting Secretary Eliseo Rio Jr. said.
“We can now have cable networks that anybody can use and this jives with our National Broadband Plan,” he said.
