11 Apr PT&T partners with US firms to serve 7 million homes
PT&T partnered with US-based Continental Advisory Services (CAS), LLC and Urban Logistic Advisory Services (ULAS), Inc. to expand its service to 7 million homes and increase its coverage tenfold in the next 2 years, the telco disclosed Monday, April 11.
The telco’s new partners will help upgrade its network infrastructure and expand coverage in its high growth yet still underserved service areas, enabling PT&T to provide more competitive Internet and IT services in areas where close to 40 percent of the population is based.
As a strategic partner, CAS/ULAS, which has an extensive network of leading US-based technology accelerators, will also share technical expertise with PT&T in integrated engineering and outsourced logistics services (3PL).
“Partnering with CAS/ULAS comes at a crucial time as PT&T seeks to sustain its growth momentum, having experienced a streak of non-stop growth quarter by quarter from 2017 and through the pandemic,” according to PT&T President and CEO James Velasquez.
“We are confident this development will place PT&T on a stronger track towards our goal of becoming the partner of choice for broadband connectivity and cutting-edge digital transformation solutions in the markets we serve,” he added.
CAS is an accredited investment firm that provides unbiased financial expertise to institutions, corporations, partnerships, governments, and accredited investors.
ULAS is a New York State C-corporation investment vehicle and associate company to CAS, a family office.
ULAS and CAS were incorporated in NYS in 2016 and 2002, respectively.
The purpose of ULAS is to pool non-overlapping, yet complementary integrated engineering/3PL offerings.
Incorporated in 1962, PT&T is a diversified telecommunications and information technology services provider.
The company caters to corporate, small and medium business, as well as residential segments across the Philippines.
At present, PT&T’s business activities are categorized into two major businesses: Connectivity and IT Services.
Currently, PT&T has a network reach of 22,800 fiber kilometers in high-growth areas, covering almost 40 percent of the total Philippine population.
The company holds a 25-year National Legislative Franchise which allows them to establish, maintain, and operate both wired and wireless telecommunications systems for domestic and international communication.
News Source: Manila Bulletin