The Luzon-based broadband provider will require the Finnish company’s capability in order to deploy fiber-to-the-home (FTTH) solution to more than 300,000 residents in the region across the span of three years.
The deployment will see Converge ICT having access to the region via Nokia’s pre-existing tools which will deliver high-speed internet connectivity to the natives as well as potentially paving way for utilizing more advanced technologies through software upgrades.
- Loss of Signal: What is LOS and how to fix it?
- Smartphones in the Philippines under Php5,000 this 2020
- 12 cellphones that every Filipino wanted during the early 2000s
Warburg Pincus, one of the world’s biggest private equity firms, is backing Converge ICT’s expansion after having issued $250 million (around Php12.5 billion) for its business.
Despite being owned by a China-born entrepreneur who amassed a fortune in the tech industry in Clark, Pampanga, Converge ICT’s decision of choosing Nokia over Huawei makes for an interesting surprise. The terms of the agreement between two parties, however, are not revealed.