LCS-TierOne Consortium Inks Equity Deal with Broadband Satellite Operator
That’s why Chavit Singson-backed third telco aspirant LCS – TierOne Consortium has announced that it has entered into an agreement to buy equity into an operator of next-generation high throughput broadband satellites. An agreement was signed abroad on Tuesday by Singson and TierOne Consortium chair Jonathon Bentley-Stevens. The Consortium did not name the the operator, owing to the highly-sensitive nature of the on-going search for the New Major Player in the country’s telecommunications industry. With the announced deal, TierOne is now assured that it will be able to provide the entire Philippine archipelago access to satellite-based broadband – at much lower costs. TierOne additionally revealed that it now also has an earth station gateway – a facility which takes time to set-up – already in place in the country, thus enabling it to quickly use the broadband satellite services. “We are committed to giving Filipinos the connectivity they need and demand, whe...