Two months after making its commercial launch in Visayas and Mindanao, third telco Dito Telecommunity formally landed in Luzon on Monday, May 17, with a vow to battle the country’s telco incumbents.
Under the memorandum of agreement, DepEd Cebu will offer its premises free of rent for the cell sites while Globe will furnish DepEd schools in the province with free broadband and WiFi services.
For subscribers to avail of the service, they have to pay a one-time fee of P36,000 for the connection kit and an installation fee of P6,000. Monthly subscription starts at P6,500 for 2Mbps speed.
Electronics, which make up 61% of all exports, grew by 25% compared to March last year. DTI secretary Ramon Lopez attributed this growth to chip demand due to upgrades to IT systems, new smartphones, auto demand, and automation.
Globe Telecom CEO Ernest Cu made the statement in response to the comment made by PLDT and Smart Communications chair Manny V. Pangilinan that the country’s overall Internet speed is being “pulled down” by other broadband providers.
The Electronic Money Issuer (EMI) license from the Bangko Sentral ng Pilipinas (BSP) authorizes Bayad to deliver e-wallet services through its newly revamped mobile app.
Bangko Sentral ng Pilipinas governor Benjamin Diokno said the central bank is putting a cap on the initial set of digital banking players as it wants to observe first the operations of these entities.
The fiber broadband firm has named Christine Renee Blabagno as deputy chief finance officer and lawyer Laurice Esteban-Tuason as corporate compliance officer.
