Santa Ana, Cagayan—The Philippine Long Distance Telephone Co., Inc. said it will help bring the latest telecommunications technology to the Cagayan economic zone in this town.
With this, Secretary Raul Lambino, Cagayan Economic Zone Authority Administrator and Chief Executive Officer, said a partnership agreement between PLDT and CEZA was already sealed at the ecozone’s Mandaluyong office.
Lambino said the partnership is for the installation of underground fiber optic cable facilities that will equip Santa Ana with a high-bandwidth internet connection.
The facilities include other transport services like software-defined networking (SDWAN), multiprotocol label switching (MPLS), and other premium services.
“This will not only help CEZA and its locators meet their high internet bandwidth requirements in and out of the country but will also add value and increase the competitiveness of the Cagayan Freeport as an investment option in the global market,” Lambino said.
“I am optimistic that this joint venture will bring a reliable and affordable internet connection to the area, especially with CEZA’s goal to embark on Fintech [Financial Technology] and blockchain industries, among others,” he added.
With an emphasis on the value of private and public partnership, Lambino said the government alone “cannot do it, and private partnership is needed.”
He also said this partnership will put CEZA in a better position in the global map of the business world.
Albert Mitchell Locsin, PLDT SME first VP and head, expressed the firm’s commitment “to continuously bring ICT [Information and Communications Technology] services to the [Cagayan] Freeport to help promote customers and partners to the rest of the country and the world.”