02 May 2019 — The Department of Information and Communications Technology formalized its billion-dollar partnership with HyalRoute Group’s subsidiary Philippine Fiber Optic Cable Network Ltd., Inc. (PFOCN) on Thursday.
HyalRoute, a Singapore-based company, is the leading provider of shared communication fiber network in Emerging Asia.
The partners inked a Memorandum of Agreement (MOA) at Quezon City, strengthening the network connectivity of the Philippines through PFOCN’s Fiber Optic Cable (FOC) Network investment valued at 1 to 2 billion USD to be accumulated in various phases between 2019 to 2028.
The DICT, in turn, will provide assistance to PFOCN in procuring the needed permits and licenses for the successful implementation of their initiative.
The signing ceremony was led by DICT Acting Secretary Eliseo M. Rio Jr., Undersecretary John Henry Naga, HyalRoute CEO Dana Dong, and Vice President Guowei Tang.
“There is a need for more fiber optic cables in this country, thus this partnership will greatly improve our telecommunication services. We can now have cable networks that anybody can use and this jives with our National Broadband Plan,” Acting Secretary Eliseo M. Rio Jr. said.
Moreover, Rio added that the fiber optic cable roll-out through this partnership will also form part of the DICT’s Free Public Wi-Fi network to reach the unserved and underserved areas in the country.
“We believe this investment project will greatly improve the status of communication infrastructure, particularly fiber network, while improving broadband penetration rate and speed to meet the needs of the general public,” HyalRoute Chairman Mr. Huang Xinglong said.
Fiber optic cables provide greater bandwidth capacity and allows for faster speeds with wider range. Once established, it will become the new shared network infostructure in the Philippines.
Going forward, the DICT and PFOCN will closely coordinate to commence the implementation of the FOC Network.