Categories: BusinessPLDT - Smart

PLDT invests P3.9 billion in new international subsea cable system

PLDT said that it’s investing $80 million or P3.9 billion in a new international undersea cable system that will be beneficial in expanding its bandwidth capacity.

The telco will participate in the construction of a 12,000-kilometer-long cable system called APRICOT, expected to be fully operational by 2024.

APRICOT will carry a design capacity of over 190Tbps and will connect the Philippines to Japan, Singapore, Indonesia, Taiwan, and Guam.

“The construction of this APRICOT cable system is vital to the Philippine economy with rapidly increasing data traffic and is aligned with our efforts to make the Philippines a strategic data center hub in the region,” said PLDT and Smart Communications President and CEO Alfredo S. Panlilio.

Meanwhile, ePLDT President and CEO and SVP and Head for PLDT and Smart Enterprise Business Groups Jovy L. Hernandez said that this investment will entice international companies to set up shop in the country for their cloud expansion.

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Myra Santos Santos

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