Globe Gets 3G Network Funding
GLOBE Telecom Inc. said it has posted a 300 million-peso performance bond with the National Telecommunications Commission (NTC) to complete the requirements for the roll-out of its third generation (3G) mobile phone network.
Globe has applied to the NTC for the frequency bands that will be used for its 3G operations.
“The company believes it is best qualified for 3G operations, given its commitment to service innovation, on top of its technical muscle and financial strength to guarantee the best delivery of 3G in the country,” Globe said in a statement.
Globe, the second biggest mobile phone service provider in the Philippines, has Singapore Telecommunications Ltd. and Philippine conglomerate Ayala Corp. as major shareholders.
Why is it that places like the Philippines can get 3G networks rolling and we cannot here in the United States? Incredible.