Stock Markets

National Fiber Backbone phases 2, 3 targeted for completion by year’s end

National Fiber Backbone phases 2, 3 targeted for completion by year’s end – BusinessWorld Online


      
      
      
      
      








STOCK PHOTO | Image from Freepik

The Department of Information and Communications Technology (DICT) said it hopes to complete the second and third phases of the National Fiber Backbone by the end of the year.

“For the phases two and three, we are trying to finish it this year. The strategy is to get it all utilized,” ICT Secretary Henry Rhoel R. Aguda told reporters.

The National Fiber Backbone project aims to provide faster and reliable internet connectivity. The DICT estimates around 70 million Filipinos to benefit from the project.

The two phases cover southern Luzon and parts of the Visayas and Mindanao.

The first phase, which involves high-speed connections between Laoag, Ilocos Norte and Quezon City, was completed in April 2024. It covers 1,245 kilometers with 28 nodes. It has an initial 600 gigabits per second optical spectrum capacity that will serve the government and at least 14 provinces, and two National Government data centers, according to the DICT.

Earlier this year, the DICT said it was expecting  the second and third phases to be ready by July.

The DICT has obtained a $287.24-million loan from the World Bank to accelerate phases 4 and 5 of the project.

The completion of the project is expected to spur growth in rural areas, especially in the Visayas and Mindanao. — Ashley Erika O. Jose

CEDTyClea





You May Also Like

Stock Markets

STOCK PHOTO | Image by Jcomp from Freepik (Part 1) A Philippine delegation of 42 agribusiness entrepreneurs and academics traveled to Ho Chi Minh from...

Stock Markets

STOCK PHOTO | Image by Vecstock from Freepik By Ashley Erika O. Jose, Reporter THE P31.55-BILLION unsolicited proposal of ComClark Network and Technology Corp. for...

Finance

Padel continues its meteoric rise, with more than 3,200 new clubs built globally in 2024 – the equivalent of one opening every two and...

Finance

Marks & Spencer’s new strawberry and cream sandwich has captured attention on social media — but now it’s caught the eye of tax experts,...

Exit mobile version