Globe Telecom Inc. forged a 25-year partnership with the Maguindanao Electric Cooperative (MAGELCO) to hasten the rollout of fiber-to-the-home (FTTH) technology and provide more affordable electricity in Mindanao.
The partnership involves a joint pole agreement that allows Globe to leverage MAGELCO’s infrastructure in providing internet connectivity through fiber technology in the province.
MAGELCO will also assist Globe in its permanent power applications and in securing necessary permits.
In return, Globe extended P28.9 million in financial support to MAGELCO to establish a power substation to lower electricity costs and provide a stable power supply.
“Globe goes beyond business to support the people in Maguindanao," says Christian Jay Guira, Head of Business Development for Mindanao.
"This project will help improve people’s lives, give them more opportunity to communicate globally and showcase local products from Maguindanao,” he added.
"I hope our business partnership will blossom and grow two or three-folds and even more than that in the years to come,” remarked General Manager Sultan Engineer Ashary Maongco.
Globe has earmarked P76 billion for capital expenditures this year to meet the growing demand for data amid the shift to work-from-home and distance learning arrangements due to the pandemic.
So far, the telco has delivered over one million fiber lines across the archipelago to help transform the Philippines into a digital nation.