Globe inks $750M in deals with 3 tech partners
Globe Telecom signed several multiyear agreements worth $750 million with technology partners overseas, the objective of which was to boost data internet services in the country.
The deals signed with Huawei Technologies, Nokia and Wuhan Fiberhome International Technologies covered a period of five years, the telco said in a statement.
“We are confident that our collaboration with Huawei, Nokia and Wuhan FiberHome will translate into a more robust Globe network that will meet the country’s future digital demands,” Globe president Ernest Cu said in the statement.
The deals included the deployment of new LTE spectrum in the country.
The telco signed a memorandum of confirmation with Chen Yuhua, the head of Nokia international business, for the implementation of an LTE project in Visayas and Mindanao. A similar memorandum of confirmation was signed between Globe and Huawei CEO Kevin Gao relating to deployment of LTE spectrum in Luzon.
“This project aims to provide wider LTE coverage and better indoor penetration, through an estimated 4,600 sites in the country,” Globe said.
The project will increase data and fixed-wireless broadband capacity to provide telecommunications coverage in unserved areas.
Moreover, the project will strengthen telecom infrastructure and address the adverse impact of typhoons.
“This is a significant agreement with a longstanding collaborator. It strengthens Nokia’s position as Globe’s premier end-to-end solution provider,” Mike Wang, president of Nokia Networks Greater China, said in the same statement.
“Huawei is very happy to sign the MoC and through these cooperation, we hope to provide high quality products and professional services and work with our Philippine partners to bring a better connected service to this country,” Gao said.
Globe also signed a separate memorandum of confirmation with Huawei and Nokia for a capacity expansion program for its corporate data network.
In addition, Globe signed a memorandum of confirmation with Huawei and Wuhan FiberHome for the company’s plan to build fiber infrastructure to support the rollout of fixed broadband lines in the country.
“With a robust fixed broadband network, more customers will be better served by high speed internet connections,” Globe said.
