HyalRoute Group, a Singapore-based fiber infrastructure company, has invested an initial USD 500 million (around PHP 25 million) to complete a portion of a Philippine internet backbone. This was done in agreement with the government.
According to Hendrick Huang, Executive Deputy Managing Director of HyalRoute’s Philippine subsidiary, Philippines Fiber Optic Cable Network (PFOCN), the investment would pave the way for cheaper and fast internet in “more rural areas” within the next two years.
Huang said in a statement that they were targeting to finish around 16,000 kilometers of fiber lines by the end of 2021. This is part of a plan starting 2019 to invest over USD 3 billion and complete a 60,000-kilometer internet backbone across the country.
HyalRoute Group signed a memorandum of agreement with the Department of Information and Communications Technology (DICT) for its domestic rollout. The company has experience in building and operating fiber networks as it does both in Myanmar and Cambodia.
A representative cleared that because they would be a ‘passive infrastructure provider’, it does not require a Congressional franchise to build and maintain the network.
After signing the agreement with the DICT in 2019, PFOCN said the fiber network will be completed in 2028 through various phases.