Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

DICT, NGCP sign lease deal for broadband co-location

by
August 10, 2022
in Investing News
0
DICT, NGCP sign lease deal for broadband co-location
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

THE Department of Information and Communications Technology (DICT) and the National Grid Corp. of the Philippines (NGCP) have signed a lease agreement covering the co-location of the National Broadband Program’s facilities within the NGCP’s right of way.

“What we signed today is the master lease agreement on the facilities, because we would definitely have to co-locate our facilities inside the NGCP infrastructure,” DICT Secretary Ivan John E. Uy said in an recorded statement provided by his office to reporters.

The NGCP is a privately owned corporation in charge of operating, maintaining, and developing the state-owned power grid.

Mr. Uy said the agreement is a major development in the national broadband plan, which will allow the government to “facilitate the two-terabyte connection that is coming in from our eastern seaboard.”

The national broadband plan is the DICT’s blueprint for accelerating the deployment of fiber optic cable and wireless technology to improve internet speeds.

According to the department, the NGCP’s private telecom network operates and maintains a telecom backbone supporting the operation of the electricity grid across the archipelago.

The DICT is working with Facebook and the Bases Conversion and Development Authority to complete the Luzon Bypass Infrastructure Project, a 240-kilometer fiber corridor connecting western and eastern modular information technology facilities.

“The two cable landing stations located in Baler and Poro Point will increase the total government capacity to 2,000,000 Megabits per second (Mbps), which is 50x the current government capacity of only 40,000 Mbps,” it said in a statement.

In his first address to Congress, President Ferdinand R. Marcos, Jr. said he has tasked the DICT to expand digital connectivity even to remote islands.

“This will be done through the implementation of the National Broadband Plan, the common tower program, connecting our geographically isolated and disadvantaged areas via our ‘Broad Band ng Masa’ project,” he said.

“All relevant modes of digital transport should be utilized. These may be through a combination of terrestrial or submarine fiber optics, wireless and even satellite technology,” the President added. — Arjay L. Balinbin

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
What to look for when predicting a recession

What to look for when predicting a recession

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Get the picture?

Get the picture?

June 22, 2022
The upside of investing in luxury homes

The upside of investing in luxury homes

July 29, 2022
Cloud-banking fintech Ohpen partners with ezbob to offer lending products to UK market

Cloud-banking fintech Ohpen partners with ezbob to offer lending products to UK market

August 18, 2022
Rehired, directly hired OFWs exempt from compulsory insurance coverage 

Rehired, directly hired OFWs exempt from compulsory insurance coverage 

August 15, 2022
Strategies To Win Government Tenders

Strategies To Win Government Tenders

July 18, 2022
BPI AMTC welcomes new President and CEO

BPI AMTC welcomes new President and CEO

July 7, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.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.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.