Globe Telecom Inc. is looking at new cable system partnerships to expand its international network capacity.
Ernest Cu, Globe’s president, and CEO announced that talks for global submarine cable systems are still underway.
“We are constantly in contact with all of these cable networks that are being planned around the world. They all have different routes, different facets, and we have to find the right one for us,” Cu explained.
“We’ve been in business for many, many years, and once we reach those capacity utilization levels, we initiate an investment in these cable systems,” he said.
Cu claimed that no announcements would be made until all parties’ agreements were finalized.
“As you know, these cable systems take several years to develop, so we engage them potentially two to three years in advance, make the investments gradually, and then land a cable in the Philippines,” the Globe executive explained.
Cu reported that Globe is currently in a solid position to fight the growing usage of internet services due to its $250 million Southeast Asia-United States (SEA-US) submarine cable system.
Globe and other companies in the SEA-US consortium launched the submarine cable project in 2017 to provide direct ties between Davao and the United States for more affluent and improved international connectivity.
Globe serves the telecommunications and technology needs of consumers and enterprises with a comprehensive suite of products and services that includes mobile, wired, cable, data connectivity, internet, and managed services.