Globe: Policy reforms are key to attracting tech investors

Globus Telecom Inc. asks the new administration to “implement policy changes” in the industry to attract more investment in the country’s digital infrastructure.

Ernest L. Koo, the company’s president, said digital platforms and services will play a key role in economic growth and recovery in the coming years.

“We know that economic recovery is primarily a concern for both the government and the private sector, and it can be accelerated by the connectivity and wide availability of first world Internet services,” he said.

Koo noted that Globe is undertaking intensive network construction in support of the country’s recovery from the pandemic. However, he also asked for support in efforts to remove the persistent bureaucratic obstacles to technology development.

Koo says one of the political barriers to digital adoption is the lack of legislation requiring developers to allocate space for telecommunications and other ICT infrastructure in their developments.

Both Houses failed to pass this in the last Congress. Cu expects the measure “to be revived with the start of a new session.”

The proposal addresses the challenges telecommunications companies face when deploying cellular and broadband fiber optics in residential areas.

President Ferdinand R. Marcos Jr. has been open about his support for digital transformation. He recently appointed technical expert and lawyer Ivan John Enrile Ui as Secretary of the Department of Information and Communication Technology (DICT).

Koo also hopes to roll out the national ID system as soon as possible to ensure SIM card registration with a wide availability of legitimate IDs to ensure proper cross-checks.

In addition to reforms in the telecommunications industry, Globe is also pushing for a review of EPIRA enforcement rules and regulations to lower the energy use threshold so that businesses can tap into energy source options, including renewables, Koo said.

This, he says, will allow businesses ranging from large corporations to MSMEs to use renewable energy for small infrastructure, including those consuming between 10 and 99 kWh.

“We continue to improve our digital solutions platform in support of the digitalization goals set by the new administration. Globe Group offers an incomparable set of services in the digital space, from fintech and health tech to education tech, advertising tech and more, that cater to the digitalization needs of Filipinos,” Koo said.

In the first quarter of the year, Globe built 234 more mobile nodes, upgraded over 3,500 mobile nodes, and installed 380 new 5G nodes, resulting in more ultra-fast 5G mobile connections in more regions across the country.

Globe has set a capital expenditure program for 2022 of 89 billion pesos.