Globe plans more 700MHz LTE sites this year
GLOBE Telecom, Inc. is ramping up this year the installation of more cell sites that can transmit the 700-megahertz (MHz) frequency in line with efforts to improve mobile Internet speed throughout the country.
Globe President & CEO Ernest L. Cu said in a statement on Friday the Ayala-led telecommunications company plans to deploy 1,800 long-term evolution (LTE) cell sites using the 700-MHz spectrum, more than three-fold the 500 sites that were activated last year.
The plan will help the company meet its commitment to the National Telecommunications Commission of providing mobile coverage to about 95% of cities and municipalities in the country within a three-year period, Mr. Cu said.
Globe is also expanding coverage and increasing capacities for 1,000 sites using the 2600 MHz band.
The new sites sites will be deployed in densely populated areas, mainly in Metro Manila, Cebu and Davao, where majority of customers using LTE-compatible devices are located, Mr. Cu said.
Globe began deployment of LTE sites using the 700 MHz band in June, following its joint acquisition of the telecommunications assets of San Miguel Corp., with PLDT, Inc., worth P69.1 billion.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls.
Shares in Globe shed P20 or 1.10% to finish at P1,790 each on Friday. -- Krista Angela M. Montealegre