After securing a grant from the US government for a pilot study on 5G deployment, NOW Telecom Company Inc. is planning to commercially launch its stand-alone 5G mobile and fixed wireless network in the country by 2024.
At the sidelines of the Joint Cybersecurity Working Group Session on 5G Security in Makati City on Tuesday, NOW Telecom chairman and CEO Mel Velasco Velarde said the company secured a P118 million from the US Trade and Development Agency for the pilot feasibility study for the development of 5G mobile and broadband in the Philippines.
Under the study, the company and the USTDA will establish a pilot 5G network in key business districts in Metro Manila to test 5G use cases and to gather data for wide-scale deployment. The NOW Telecom chief said that once the pilot study is finished, which is targeted to be completed by the third quarter or early fourth quarter of 2023, the company “will go to the next stage —financing, equity raising to really do this up to the countryside.”
He said it will be commercially available and will be NOW Telecom’s stand-alone 5G mobile and fixed wireless service.NOW Telecom has tapped New Jersey-based Bell Labs Consulting, part of Bell Labs, the research arm of Nokia, to conduct the study.
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