NOW Corp partners with Singapore firm for 5G pivot

ABS-CBN News

Posted at Aug 27 2019 01:53 PM | Updated as of Aug 27 2019 06:14 PM

MANILA - NOW Corp said Tuesday said its telecommunications unit signed a deal with a Singapore-based firm for a nationwide fiber rollout as part of its "pivot" towards 5G. 

NOW signed a memorandum of understanding with Hyalroute Group and its local unit Philippine Fiber Optic Cable Network Inc (PFOCN), the company told the stock exchange. 

NOW has secured a 25-year Congressional Franchise in early 2018. 

"NOW Telecom intends to intensify its national roll-out of telecommunications operations to provide a more competitive telecommunications industry landscape," the statement said. 

NOW said its new partner would help its telco unit launch "consumer-friendly 5G offerings."