Government Urged to Stimulate Investments in Internet Backbone

The government has been urged to make the business climate more conducive to investments in the Internet infrastructure—where the Philippines is said to be lagging behind its neighbors in the region—due to the massive price tag involved.

Ramon Isberto, public affairs head of the Philippine Long Distance Telephone Co. (PSE: TEL), said about $16.6 billion (PhP764.4 billion) was required to bring 2Mbps download speeds to 80 percent of Philippine households by 2016, citing a National Telecommunications Commission (NTC) study presented to senators last year.

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Source: Philippine Daily Inquirer

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