The DICT and BCDA have announced a project called Luzon Bypass Infrastructure with Facebook as the first party utilizing the infrastructure. This project will provide high-speed broadband infrastructure at a much affordable price. The BLI project is expected to be completed and operational by end of 2019.

The Bases Conversion Development Authority will build the LBI that is comprised of two cable landing stations connected by a 250-km long cable network corridor.
As the first party to utilize the Luzon Bypass Infrastructure, Facebook will construct and operate a submarine cable system that will land in the cable stations on the East and West Coasts of Luzon. The cable will provide direct connections from Luzon to Internet hubs in the United States and Asia.
DICT, will operate the Luzon Bypass Infrastructure, maintain the related facilities and provide last mile connectivity in the Philippines.
The total bandwidth of this spectrum is expected to reach as much as 2 million Mbps (2,000 Gbps).

Previous reports from government agencies have indicated that the government is planning to build the 3rd player to compete against the current duopoly of PLDT and Globe. This could be just the first steps in that direction.
Source: PTV


obviously LUZON is composed of a big chunk of land rather than VISAYAS, which is composed of islands, its far much easier to expand in land than with sea.