Globe Telecom has announced that the $150 million Philippine Domestic Submarine Cable Network (PDSCN) is on track for completion in April this year.
Globe said this construction, the longest of its kind in the country, will further boost digitalization throughout the countryside as part of a fresh round of cable landings set for this year.
For the project, Globe partnered with Eastern Communications and InfiniVAN Inc. to provide equitable and reliable connectivity across the country, including previously unserved and underserved areas in the Philippines.
PDSCN, which has a total cable distance of 2,500 kilometers, will soon kick off landing cables in nine remaining segments that cover 13 sites.
The project launched in Subic Bay, Zambales, in July 2022 and has already completed 15 segments across the country, including key cities and tourist destinations.
"As the Philippines continues to build a digital economy, Globe is steadfast in its efforts to bring fast and reliable connectivity to all. We are committed to supporting the government's initiatives towards innovation, e-governance and greater digital adoption among Filipinos through our investments in PDSCN and other network infrastructure,” said Globe Group President and CEO, Ernest Cu.
The PDSCN project is part of Globe’s network expansion, which aligns with its commitment to improving infrastructure and foster innovation towards development under the United Nations Sustainable Development Goals.
As the PDSCN project nears completion, Globe is shifting its focus towards capital efficiency and optimization, with plans to reduce its capital expenditures budget to $1.3 billion in 2023 and $1 billion in 2024 from approximately $1.9 billion in 2022.
This move aims to optimize spending in the next few years by maximizing the utilization of fiber assets and taking advantage of arrangements with tower companies to boost tower construction.
