Listed diversified telecommunications company Philippine Telegraph and Telephone Corporation (PT&T) announced Monday that it plans to expand its coverage in the National Capital Territory (NCR) by partnering with a U.S. investment firm.
The agency said it was working with US-based Continental Advisory Services (CAS), LLC and Urban Logistics Advisory Services (ULAS), Inc. to “upgrade its network infrastructure and expand its coverage in high-growth services.” “Neighboring areas of NCR.
“This significant move will expand PT&T’s footprint by 10 times over the next 2 years, translating 7 million homes and businesses,” it said in a statement to the stock exchange.
Under the partnership, the company’s US-based partners will share technical expertise in CAS / ULAS, integrated engineering and outsourced logistics services.
PT&T hopes to “recover” as one of the country’s “major” telecommunications and information and communication technology players.
James G. Velasquez, President and CEO of the company, said: “The partnership with CAS / ULAS is at a critical juncture as PT&T seeks to maintain its growth momentum, with quarterly and quarterly growth experiences from 2017 onwards. Worldwide. “
“We are confident that this development will put PT&T on a strong track towards our goals so that we can become the preferred partner for broadband connectivity and the modern digital transformation solution in the market we serve,” he added.
In the first nine months of 2021, PT&T’s net loss expanded to P40.53 million from P30.43 million in the same period of 2020.
It recently partnered with Singapore-based next-generation broadband satellite operator Casific Broadband Satellite Limited to “offer high-speed satellite internet at a more profitable cost.” – RJ L Balinbin