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Now Telecom parent company Now Corporation teamed up with US equipment vendor Celona to deliver private 5G networks to the enterprise sector in the Philippines.
Philippines-based Now Group signed a memorandum of understanding with state-owned corporation the Cagayan Economic Zone Authority (CEZA), to deploy telecoms infrastructure in the Cagayan province.
The SEC fined NOW Corp and its CEO Mike Velarde P1 million each for what the regulator said, in an order, were misleading disclosures relating to P2.6 billion in unpaid fees to the government.
The US government aims to finance next the infrastructure upgrades needed by broadband providers in the regions after funding the 5G rollout of Now Telecom Co. Inc.
The Philippines telecoms market is one that constantly hits the headlines and this heat stems from the historic duopoly of Globe Telecom and PLDT’s Smart Communications in the archipelagic nation.