Philippines' Globe Telecom is investing close to US$500 million over a five-year period beginning this year for the expansion of its corporate data network.
The expansion of its corporate data network is intended to support the increasing bandwidth requirements of Globe's corporate and enterprise clients who are adopting new network technologies such as software defined network/ network function virtualisation, cloud computing, and big data.
"A growing number of enterprises today use software applications delivered via cloud which require significant bandwidth. Deploying fibre in key areas will enhance productivity, efficiency and competitiveness of businesses that will sustain the growth momentum of the Philippine economy," said Rizza Maniego-Eala, Globe Acting Chief Finance Officer in a press statement.
The infrastructure build for enterprises run parallel with Globe's initiative to create an internet superhighway by deploying fibre in 20,000 barangays nationwide by 2020 to provide ultra-fast internet access to around 2 million homes across the country.
"With the deployment of fibre broadband technology, the infrastructure for data connectivity of enterprises allows for fast, critical connections involving huge amounts of data at all times. We're hoping that with the twin projects for enterprises and individual customers, they will have access to a more reliable and resilient network that addresses their need for ultra-fast data connectivity," added Eala.
Sign up for CIO Asia eNewsletters.