Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Globe partners with global telcos for submarine cable system

Globe joins global tech and telco companies at the Asia United Gateway (AUG) East Submarine Cable Project contract signing. — GLOBE TELECOM, INC.

AYALA-LED Globe Telecom, Inc. said it will work with global technology and telecommunications (telco) companies to develop an 8,900-kilometer submarine cable system aimed at delivering additional bandwidth and strengthening network diversity and reliability.

In a statement on Sunday, the listed telecommunications company said it has joined the Asia United Gateway East (AUG East) project to support East Asia’s rising demand for high-speed, high-capacity connectivity, fueled by the development of artificial intelligence (AI).

The cable will follow a key route linking the digital hubs of Singapore and Japan, with landing points in the Philippines, Brunei, Malaysia, South Korea, and Taiwan.

The project is expected to be completed by the third quarter of 2029.

“This new data superhighway strengthens our nation’s digital backbone. It gives businesses the scale, speed, and reliability they need to compete globally and embrace technologies that can uplift lives and drive inclusive progress for all Filipinos,” said Globe President and Chief Executive Officer Carl R. Cruz.

Raymond Policarpio, Globe Business vice-president and head of strategy management and business investments, said that the investment in the AUG East cable system “is a cornerstone of our long-term strategy to future-proof the Philippines’ digital infrastructure.”

“As AI-powered applications become increasingly pervasive, the demand for resilient, high-capacity international connectivity will also experience a surge,” Mr. Policarpio said.

“By securing our stake in this vital digital thoroughfare, we are proactively enabling our enterprise clients to leverage cutting-edge technologies, drive innovation, and expand their global reach, ensuring the Philippines remains a competitive hub in the digital economy,” he added.

Globe said that AUG East can deliver massive capacity to “data-hungry enterprises, equivalent to streaming millions of ultra-high-definition movies simultaneously.” — Sheldeen Joy Talavera

    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,...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.