Danessa Rivera (The Philippine Star) - March 7, 2021 - 12:00am
https://www.philstar.com/business/2021/03/07/2082467/meralcos-telco-arm-expand-visayas-and-mindanao
MANILA, Philippines — Radius Telecoms Inc., the telecommunications unit of Manila Electric Co. (Meralco), is eyeing to further expand in Visayas and Mindanao after reaching Clark and Cebu City last year.
Meralco said Radius marked several milestones last year, which included expanding its coverage to Clark, Pampanga and Cebu City despite the emergence of the pandemic.
Radius is moving forward with its plan to become a full-fledged telecommunication company by targeting other major cities in Visayas and Mindanao this year.
Apart from expanding its reach, Radius also launched five new products that will benefit the enterprise and small and medium enterprises (SME) markets.
The company has also upgraded its core network capacity to 100 GB as well as established the Singapore Point-of-Presence (PoP) at the Equinix SG1 Data Center.
In terms of its network requirements, Radius completed the roll out of 264 kilometers of core fiber, 30 additional co-locations, 10 nodes and three data centers. It also commissioned seven Optical Line Terminal nodes in key cities.
In November last year, Radius launched Red broadband for the residential sector.
Through a partnership with Cignal TV, Radius now offers latest unlimited fiber broadband and pay TV service to residential customers.
Cignal TV Inc., the country’s premier Direct-to-Home satellite provider transmitting 120 channels, including free-to-air, SD and HD channels to households nationwide, is part of the PLDT Group.
As of end-2020, Radius generated revenues of P1.4 billion and a core net income of P0.5 billion.
Established in 2000, Radius holds a congressional telecommunications franchise to construct, install, establish, operate and maintain for commercial purposes and in the public interest, the business of providing basic and enhanced telecommunications services in the Philippines and between the Philippines and other countries and territories.
Radius is a wholly owned subsidiary of Meralco through eMeralco Ventures Inc.
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