Technology

Ayala Group invests $2M in Singapore-based Transcelestial

The corporate venture capital arm of Globe Telecom announced a $2 million strategic investment in Singapore-headquartered internet connectivity provider Transcelestial.

Kickstart Ventures’ investment in Transcelestial was sourced out of its $180 million Ayala Corporation Technology Innovation Venture (Active) Fund, which seeks to invest in Series A to D startups globally.

Transcelestial will use the fresh capital to penetrate the Philippine market by helping improve internet distribution in the country.

“Transcelestial aims to work with Philippine telcos among others to provide a solution to the daunting industry challenge of putting up cell sites,” Kickstart president Minette Navarrete said in a statement.

“As more Filipinos become reliant on internet access for their livelihood and social connections, we’re hopeful that Transcelestial will help increase Internet penetration and provide telcos and ISPs with an affordable option for 5G deployment,” she added.

Transcelestial’s CENTAURI seeks to leverage its proprietary wireless laser communication technology to create a wireless distribution network between buildings, traditional cell towers, street-level poles and other physical infrastructure.

CENTAURI unlocks fiber-equivalent high bandwidth between 4G/5G cell towers and the telecom core network which connects back to their data centers.

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