Skip to the content
W.Media
  • Home
  • Company
  • Conventions
  • Digital Events
  • Contact Us
  • Home
  • Company
  • Conventions
  • Digital Events
  • Awards
  • Contact Us
  • Tech News
  • Forum
  • Tech News
  • Digital Week
search
×

NOW Telecom to become Philippines’ fourth mobile operator with help from Viettel

Published 12 October 2020

0 comments

stuart-crowley
W.media | editor
Share on Facebook Share
Share on TwitterTweet
Share on LinkedIn Share

Philippine media and tech conglomerate NOW Corporation’s subsidy, NOW Telecom has signed an agreement with Vietnam’s Viettel Business Solutions as part of its plan to become the country’s fourth telecommunications giant. 

Both companies signed a memorandum of agreement on Tuesday 6 October that would see an implementation of a joint go-to-market strategy. 

Viettel will bring its ICT solutions to support NOW Telecom across multiple industry segments. The Vietnamese telecommunications company will also participate in potential ICT biddings and tap into the digital transformation, AI, data analytics and cybersecurity market in the Philippines. 

Viettel is the largest telecommunications operator in Vietnam. 

Threatening telecom market dominance in the Philippines

Touting itself as the Philippines’ fourth telecommunications company, NOW Telecom has been making significant moves to challenge the market share of current duopoly players PDLT and Globe Telecom, and upcoming third telco DITO Telecommunity.

In September, the company obtained a provisional authority extension from the Philippines’ National Telecommunications Commission (NTC) that allows it to operate a nationwide mobile telecommunications system.

In the same month, NOW Group founder and CEO Mel. V Velarde revealed that NOW Telecom underwent a corporate restructuring to prepare for its 5G rollout and IPO listing at the Philippine Stock Exchange.

NOW Corporation’s private holdings subsidiary, Velarde Inc. was also reported to have paid US$5.7 million (P289.5 million) off its 5.75% stake at NOW Telecom to accelerate its business ventures. 

Although major business moves have been made, Philippines’ Department of Information and Communications (DICT) Secretary Gregorio Honasan II said that NOW Telecom is “not yet considered” as the country’s fourth telco. 

However, following NOW Telecom’s collaboration with Viettel and hefty financial backing from its parent company, competition in the Filipino telco market is bound to intensify in 2021. 

Got a story, opinion or more information on this article? Contact us at editor@w.media.
And sign up to the W.Media Newsletter to get the latest data center, cloud and cybersecurity updates!

Image credit: NOW Telecom 

Get all the latest insights at W.Media events

We have a plethora of events to whet your appetite for the latest cloud, data center and cybersecurity intel delivered by some of the top experts in the field.

> Inform your business by registering for W.Media digital events

Get involved in the conversation and connect with your peers on LinkedIn and Facebook using #WMediaEvent!

Receive the latest news.

We'll keep you in the loop.

Great! now press

Featured Articles


Socomec energises Singapore with a powerful UPS training course


Preparing for an edge data center future


Back To Tech News

More Articles

Spinning a ‘Webb’ of Success

Darren Webb is the Managing Director and SVP of DSCG Data... Read More

PDG secures $360m investment round led by Ontario Teachers’

Princeton Digital Group (PDG) has agreed to a new US$360... Read More

Be a part of Indonesia’s fast-growing cloud and data center industries

The cloud and data center industries in Indonesia are... Read More

Vietnam’s top telco gives itself a makeover to attract young consumers

Vietnam’s leading telecommunications provider, Viettel,... Read More

W.Media is global B2B Tech
Marketing Agency that specializes in
PR, Digital Media Marketing and Events Coordination

  • facebook
  • linkedin
Quick Links
  • Company
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Offerings
  • Tech News
  • Digital Events
  • Conventions
  • Digital Week

Copyright © 2020 W.Media | All Rights Reserved

Receive the latest news.

We'll keep you in the loop.

Great! now press