Ecommerce giant Rocket Internet and Philippine telco PLDT are on a roll. The partners are setting up another joint venture, this time for online business development in the Philippines. This comes just two weeks after the duo signed an agreement to form a 50-50 venture for online and mobile payment solutions, with a focus on emerging markets. In a joint statement today, Rocket and PLDT said they will set up the Philippines Internet Group (PHIG).
MANILA, Philippines – Leading telecommunications and multimedia services provider PLDT, through its home digital services group PLDT HOME, has maintained its leadership in fixed broadband with a 70% market share at the end of the third quarter of 2014, more than triple that of its nearest competitor. PLDT HOME has remained the preferred broadband provider in the country with consistent double-digit increases in broadband subscribers as it grew a robust 18% at the end of September from its year-ago level, bringing its total broadband subscriber base to nearly one million.
NTT Communications Corporation has partnered with the Philippines’ largest telecommunication company, Philippine Long Distance Telephone Company (PLDT) to provide Enterprise Cloud. Enterprise Cloud, which enables enterprises to virtually access their individualised customer portal to configure virtual data centres, is offered via multiple servers in multiple international locations, including Japan, US, UK, Germany, Australia, Thailand, Hong Kong, Singapore and Malaysia. PLDT will provide globally standardised IaaS services combining Enterprise Cloud and its own network services for Philippine-based enterprises.
Even more people than usual in the Philippines are bemoaning their woeful internet speeds right now. Philippine telco company PLDT, which is the country’s largest broadband ISP, is currently hit by a slow-down that’s affecting many of its subscribers nationwide. This is following the reported breaks in two internet fiber lines in the Asia Pacific Cable Network (APCN). The telco company explained what’s happening in a post to Facebook late last week.