NOW Corp. and Nokia have signed a memorandum of understanding to roll out 5G network in the Philippines.
The collaboration with Nokia is in line with with NOW Group’s strategy of capitalizing on the growing demand of broadband connectivity and multimedia services in the enterprise, government and residential market segments.
Mel Velarde, founder and owner of the NOW Group of Companies, said the partnership is expected to bring about the multi-gigabitbroadband Internet era in the Philippine telecom industry.
“NOW’s strategy is clear: to expand its current guaranteed service to high-end markets via 5G fixed wireless access and extend this compelling customer experience to consumers via 5G mobile cellular broadband service. Having no legacy networks, NOW’s standalone 5G network shall rise above competition. With Nokiaas our technology partner, we are confident NOW and its customers would succeed,” Velarde said.
As of end-November, Nokia had 133 commercial 5G contracts worldwide, positioning it as a global leader in the delivery of 5G solutions.
Last September, NOW Telecom secured the extension of its provisional authority to install, operate and maintain a nationwide mobile telecommunications system. The authority is not specific to 3G but can extend to other technologies such as 4G and 5G.