Yesterday, Globe Telecom boasted the fruition of their recent efforts (not to mention investments) in expanding their network’s reach in the country. In the press conference, Globe President Ernest Cu stated that the Ayala-led telco now has 100% coverage for 3G and is looking to do the same feat for 4G/LTE in the next 90 days.
According Ernest Cu, Globe Telecoms will be spending up to USD200 million, or a third of the telco’s 2014 capital expenditure budget (USD600 – 650 millon) this year for the modernization of their network infrastructure.
Globe’s network upgrades this year involve laying out additional fiber optic cables spanning to 9400 kilometers, and increasing the number of cell sites in the country, which is expected to reach at least 6500 by the end of the year, 700 of which are 4G/LTE cell sites.
“Our transformation journey does not end with the 3G and 4G technologies. We will continue to improve our network’s infrastructure to accommodate our customers’ fast-paced digital lifestyle needs,”
– Ernest Cu, CEO of Globe Telecoms
In line with his statement above, Cu mentioned that Globe plans to allot roughly the same amount of money (USD100 – 200 million) next year to fuel the telco’s effort to further enhance the service through network upgrades.