PhilStar-Oct 19

The Philippines is among the Top 10 countries in the world when it comes to investments in telecommunications based on the IMD World Digital Competitiveness Rankings of 2020. With demand for connectivity and internet access becoming essential in the new normal, spending to improve telecommunications infrastructure has aggressively increased. Globe has embarked on a wider and more inclusive builds and rollouts of its cell towers and fiber modernization to close the gaps in areas of the country where connectivity needs further improvement.  At least P50.3 billion in capital expenditures has been allotted for Globe’s network expansion and upgrades for 2020. With the new government policies lifting the restrictive permitting process in place, investments in telecom infrastructure are focused on tower builds to expand coverage and increase capacity.

Read more at: https://www.philstar.com/business/telecoms/2020/10/19/2050054/philippines-among-top-10-worldwide-telco-investments