Radius Telecoms Inc., a wholly-owned subsidiary of Manila Electric Co. (Meralco), said on Thursday it plans to expand its fiber footprint to key cities in the Visayas this year.
Jenevi L. Dela Paz, the company’s COO, said his group is “looking at Bacolod and Iloilo” as the company’s next growth areas to offer its fiber-to-the-home services called Red Fiber.
“We’ve been doing our expansion in Metro Manila mostly in the last mile. We should be able to cover by the end of the year, half-a-million homes passed. Our capacity should be able to reach 500,000 subscribers,” he said during a press briefing on Thursday.
Within the next two or three years, Dela Paz added, the company should be able to reach as much as 2 million homes passed.
“We are very deliberate in our expansion plans because we don’t want to expand very immediately and tax the network and affect consumer experience,” he said.
Currently, Red Fiber is available in Mega Manila, Batangas, Quezon, Bulacan, Clark, and Cebu.
Radius Telecom President Exequiel C. Delgado noted that this year’s capital expenditures will be “very, very substantial because telecoms is a very capital intensive venture.”
He did not disclose the exact amount.
During the press briefing, the Red Fiber executives also announced a partnership with Cignal TV to offer its residential customers Internet connectivity paired with IPTV content.
Radius Telecoms is a 100 percent Meralco company, delivering its services on an end-to-end full fiber optic network covering more than 5,000 kilometers in the Mega Manila and nearby provinces.
The company claimed it is one of the preferred connectivity providers in the Mega Manila area, offering dedicated internet access, global networking, managed and cloud services including SD-WAN and zero trust networking solutions.