TERA Information and Connectivity Solutions Inc., a subsidiary of MacroAsia Corp., plans to become a fixed-line internet service provider for both business and residential users in the next three to five years.
The company signed a memorandum of understanding with Gur Lavi Corp., one of the Philippines’ fastest-growing telecommunications distributors, as it aims to deliver “end-user experiences as technology and tier 1 internet services provider to the LT Group Inc.,” a listed holding company of tycoon Lucio Tan.
MacroAsia expressed hope that teaming up with GLC would reduce operational costs and boost digitalization efforts as it strives to recover from the pandemic.
“We feel that GLC has technical expertise and good understanding of the whole tech side that we can leverage on. We can learn from them that’s why we are grateful for this partnership, and we wish to also impart our expertise and knowledge in helping other companies in their digital transformation journey,” TERA president and chief operating officer Eduardo Luy said.