CONNECTIVITY solutions company Eastern Communications is spending P2.8 billion in capital expenditures (capex) this year to upgrade and expand its services throughout the country.
Bulk of this year’s capex will go to the deployment of fiber optic cables to cover wider service areas, which include the following: Davao City, Cagayan De Oro, Dumaguete, Tagbilaran, Bacolod, Roxas, Kalibo, Caticlan, Boracay, Naga, Legazpi, Iriga, and Sorsogon.
Eastern Communications is laying fiber optic cables to address requirements of companies in central business districts. It has also started placing strategic hubs in various regional locations in order to better serve the local enterprises in the area.
“Eastern will continue this trend and we plan to be available nationwide in the next few years. This is an exciting time of growth for all of us and we, as a telecommunications company, look forward to being a big part of the Philippines’ stronger tomorrow,” Eastern Communications Co-coordinator Aileen Regio said in a statement.
Eastern Communications is beefing up its network as part of the Digital Cities Program of the government, an initiative that aims to accelerate the growth of Information Technology and Business Process Management (IT-BPM) sector and promote countryside development.
“We commend the efforts of Eastern Communications to broaden and strengthen their network within and beyond Metro Manila as it is supportive of our goal to drive inclusive growth in the countryside through the Digital Cities 2025 program,” Rey E. Untal, IT and Business Process Association of the Philippines (IBPAP) President and CEO, was quoted as saying in the same statement.
Untal added: “These expansion plans will provide Philippine-based businesses much-needed access to innovative services and faster, more reliable internet connection—critical tools to forge ahead in this new normal.”