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Now Telecom
Now Telecom Company, Inc. (stylized as NOW Telecom) is a telecommunications firm based in the Philippines. The company provides broadband and fiber-optic communication services to upper-class residential and commercial areas in Metro Manila under the Now Fiber Air brand. The firm, along with Now Corporation (Now Corp) and News and Entertainment Network Corporation (NEWSNET), formed the unified Now Network service.
Now Telecom was founded on March 26, 1992 as Satellite Paging Systems Philippines when the congress granted a franchise to operate radio paging. Its franchise was later amended on March 1, 1995. The company began operating as Next Mobile Incorporated (NMI/Next Mobile), and since then, has under the ownership of the Velarde Group headed by former Sky Cable's executive Mel Velarde.
In 2005, a partial stake in NMI was acquired by Cashrounds, which Velarde took over the ownership of the company's shareholding stake. The following year, Cashrounds changed its corporate name to Information Capital Technology Ventures, Inc. (ICTV). NMI received a provisional authority license to operate cellular mobile telephony services (CMTS), but had never obtained any cellular frequencies.
In 2013, ICTV was officially renamed as Now Corporation (Now Corp). Infocom would later adapt the parent firm's operations under the Now Telecom brand, replacing Next Mobile.
In 2018, Now Telecom's parent Now Corp decided not to submit the bid for the country's third telecommunications provider, but the congressional franchise of the firm was renewed on the same year.
In 2019, Now Corp inked a joint partnership with South Korean telecommunications firm SK Telecom for the rollout of Now Telecom's 5G broadband services and becoming the fourth major telecommunications player in the Philippines.
On October 2, 2020, NOW Corporation inked a joint partnership with Viettel. On December 1, 2020, NOW Corporation inked a joint the partnership with Finnish multinational telecommunication Nokia for the rollout of Now telecom's 5G broadband services.
On December 16, 2022, The US Trade and Development Agency secured grant funding for the 5G project. On January 13, 2023, The US Trade and Development Agency and Now Telecom sealed an agreement by the US government to deploy nationwide standalone 5G mobile and fixed wireless network in the Philippines. The company will begin its commercial network in 2024.
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Now Telecom
Now Telecom Company, Inc. (stylized as NOW Telecom) is a telecommunications firm based in the Philippines. The company provides broadband and fiber-optic communication services to upper-class residential and commercial areas in Metro Manila under the Now Fiber Air brand. The firm, along with Now Corporation (Now Corp) and News and Entertainment Network Corporation (NEWSNET), formed the unified Now Network service.
Now Telecom was founded on March 26, 1992 as Satellite Paging Systems Philippines when the congress granted a franchise to operate radio paging. Its franchise was later amended on March 1, 1995. The company began operating as Next Mobile Incorporated (NMI/Next Mobile), and since then, has under the ownership of the Velarde Group headed by former Sky Cable's executive Mel Velarde.
In 2005, a partial stake in NMI was acquired by Cashrounds, which Velarde took over the ownership of the company's shareholding stake. The following year, Cashrounds changed its corporate name to Information Capital Technology Ventures, Inc. (ICTV). NMI received a provisional authority license to operate cellular mobile telephony services (CMTS), but had never obtained any cellular frequencies.
In 2013, ICTV was officially renamed as Now Corporation (Now Corp). Infocom would later adapt the parent firm's operations under the Now Telecom brand, replacing Next Mobile.
In 2018, Now Telecom's parent Now Corp decided not to submit the bid for the country's third telecommunications provider, but the congressional franchise of the firm was renewed on the same year.
In 2019, Now Corp inked a joint partnership with South Korean telecommunications firm SK Telecom for the rollout of Now Telecom's 5G broadband services and becoming the fourth major telecommunications player in the Philippines.
On October 2, 2020, NOW Corporation inked a joint partnership with Viettel. On December 1, 2020, NOW Corporation inked a joint the partnership with Finnish multinational telecommunication Nokia for the rollout of Now telecom's 5G broadband services.
On December 16, 2022, The US Trade and Development Agency secured grant funding for the 5G project. On January 13, 2023, The US Trade and Development Agency and Now Telecom sealed an agreement by the US government to deploy nationwide standalone 5G mobile and fixed wireless network in the Philippines. The company will begin its commercial network in 2024.