South Korea's largest telecom operator, Korea Telecom, announced that it has won a contract worth 53 billion won ($47.3 million) to support a $1.8 billion nationwide broadband project in the Philippines.
Korea Telecom has reached a cooperation agreement with Converge ICT Solutions, the Philippines' largest Internet provider, to build a fiber-optic network along the main road of approximately 1,570 kilometers (975 miles) north of Luzon. Korea Telecom expressed the hope that the transaction will help to achieve more similar cooperation with the supplier in the future.insulating cable filler
The deal is part of Converge's plan to spend $1.8 billion to expand its broadband coverage across the Philippines over the next five years. It also supports Korea Telecom's goal of expanding its international market business influence and partnership, with a focus on Asia, Europe and Africa.
In recent years, Korea Telecom has deployed more than 5,500 kilometers (3,400 miles) of fiber-optic networks in Myanmar, Bangladesh and other countries.glass yarn for optical fiber cable
For the Philippines project, the operator plans to work with a number of Korean SMEs and the deployment is expected to be completed by June 2020.filling compound for optical fiber cable
“The partnership with Converge ICT Solutions is a great opportunity to bring our expertise in telecommunications network planning, construction and operations to the Philippines and its neighbors.” Yun Kyoung Lim, Head of Future Convergence and Global Operations, Korea Telecom ,he said, "Korea Telecom will continue to work hard to represent Korea as a global ICT leader and be active globally."filling compound for optical fiber loose tube