PTT teams up with US investment company to widen coverage to 7m homes nationwide

PTT teams up with US investment company to widen coverage to 7m homes nationwide

Philippine Telegraph and Telephone Corp. signed a strategic partnership with US-based investment firm Continental Advisory Services LLC/Urban Logistic Advisory Services Inc. to expand its coverage nationwide.

“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,” PT&T president and chief executive James Velasquez said.

“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 said.

The move sets the stage for PT&T to upgrade its network infrastructure and expand coverage in high-growth and underserved service areas in adjacent regions of National Capital Region and its reach to key cities around the country.

The partnership will expand PT&T’s footprint 10 times over the next two years, translating to 7 million homes and businesses passed, providing more competitive Internet and IT services in an area where close to 40 percent of the population is based.

It also signals PT&T’s renewed confidence and vigor to rebound as a major telecom and ICT player in the Philippines.

As a strategic partner, CAS/ULAS will also share technical expertise to PT&T in the areas of integrated engineering and outsourced logistics services, given the extensive network of leading US-based technology accelerators in its fold.

PT&T has a network reach of 22,800 fiber kilometers in high-growth areas and covering almost 40 percent of the total Philippine population.

PT&T holds a 25-year franchise which allows the company to establish, maintain and operate both wired and wireless telecommunications systems for domestic and international communication in the country.

News Source: Manila Standard