The LCS–TierOne Consortium of businessman and politician Luis Chavit Singson has signed an agreement to buy into an operator of next-generation high throughput broadband satellites.
Singson and TierOne Consortium chair Jonathon Bentley-Stevens signed the agreement overseas.
The consortium declined to name the operator due to the highly-sensitive nature of the on-going search for the new major telecommunications player.
LCS –TierOne is now assured it will be able to provide the entire Philippine archipelago access to satellite-based broadband at much lower costs.
The consortium said it now also had an earth station gateway—a facility which takes time to setup—already in place in the country, enabling it to quickly use the broadband satellite services.
“We are committed to giving Filipinos the connectivity they need and demand, whether they are from Ilocos in the North, where I am from; or Davao in the South, where Jonathon has been living for decades now,” Singson said.