MANILA, Philippines – Ayala-led Globe Telecom is allotting as much as $400 million over the next two years to establish facilities equipped with long term evolution (LTE) technology.
Globe president Ernest Cu said the telecommunications firm is spending between $100 million and $200 million this year and another $100 million to $200 million next year for the LTE-capable cell sites.
“For LTE prospective this year, probably $100 to $200 million. For next year, similar amount,” Cu said.
Funding for the 4G-LTE sites this year will come from the 2014 capital expenditures budget of between $600 million and $650 million.
Globe is currently building more sites to boost capacity and enhance performance through 9,400 kilometers of additional fiber optic cable and 700 4G LTE sites.
The company is also expanding its 3G and 4G sites to exceed 6,500 by the end of the year.
“Our transformation journey does not end with the 3G and 4G technologies. We will continue to improve our network’s infrastructure to accommodate our customers’ fast-paced digital lifestyle needs,” said Cu.
Globe on Tuesday said it has achieved full 3G coverage for its entire network while full 4G coverage will be available in three months.
“With a 100 percent 3G network, we now have a robust capacity for high-speed mobile data access. Providing our network with full HSPA+ coverage in 90 days will provide an even faster mobile internet experience. This increases potential for more digital innovation and enhances wonderful customer experience,” Cu said.
He added that Globe’s transformation initiative includes improving service inside malls, hotels, hospitals, major highways, and airports.