September 05, 2018 at 08:25 pm
Darwin G. Amojelar
Globe Telecom Inc. said unit Innove Communications Inc. won contracts from the Department of Information and Communications Technology to provide internet connectivity to local government units nationwide.
Globe said the DICT awarded three-year contracts to Innove to deliver 704 circuits composed of 615 circuits for the IP Transport Municipal (project, 74 circuits for the IP Transport Municipal Ph3 project, 2 circuits for IP Transport International project and 13 circuits for IP Transport Domestic project.
Under the agreement, the company committed to deliver 704 circuits to some underserved municipalities across the Philippines, while the DICT would ensure that Innove could deploy these circuits by securing building permission from the respective local government units.
Globe general counsel Froilan Castelo said the company could complete its project deliverables to DICT by the end of the month, depending on the resolution of some circuit deployment issues.
“We will deliver the remaining 212 circuits as soon as the deliverables of other parties are accomplished. This is in line with our commitment with the DICT to work with them hand in hand in bridging the digital divide in the country,” Castelo said.
Innove was able to deliver 492 of the 704 committed circuits as of Aug. 31 this year, which would route data from one node to another. These circuits will serve as a backbone and distribution hubs for internet connectivity for municipalities across the country.
Globe earlier reported a net income of P9.78 billion in the first half, up 21 precent from P8.08 billion in the same period last year. Core net profit grew 25 percent to P9.98 billion from P7.97 billion, as consolidated service revenues reached P73.6 billion, up 11 percent from P66.54 billion a year ago.