PLDT Incorporated chief executive officer Manuel V. Pangilinan has guaranteed that the country will enter the 5G realm within this year.
The company’s chairman said that the telecommunications behemoth would surely get into this technological space in a meaningful manner.
Compared to 4G, 5G is a kind of technology that promises much lower power connectivity.
Furthermore, it guarantees connectivity speeds of up to 50 times more rapid than its predecessor.
Plus, 5G assures responsiveness that is tenfold as compared to 4G, based on Philippine daily newspaper The
Philippine Star’s report.
Smart Communications head Al Panlilio said that for PLDT’s upcoming 5G services, he affirmed that they are beginning to launch some base stations.
The chief revenue officer of PLDT Incorporated also mentioned that they are plotting to have a service that they could deliver to the domestic consumers.
He said that he believes they could achieve this target within this year’s second quarter.
At this time, Panlilio relayed that they are concentrating on ensuring that they are capable of fixing the network.
The telecommunications juggernaut has been trying the 5G services out lately. It is performing these tests on a proof of concept basis.
Furthermore, PLDT is engaging in these try-outs with leading technology service providers. Among them are Swedish firm Ericsson, and Chinese companies ZTE and Huawei Technologies.
Moreover, American company Cisco Systems and Finnish technology service provider Nokia are helping the local telecommunications company evaluate 5G as an innovation.
In 2018, the telecommunications and digital services provider began to transform Makati City and Clark Freeport Zone in Pampanga.
Through its wireless unit, Smart Communications, the firm developed the two urban areas into the first Smart 5G Cities.
By the fourth quarter of 2019, PLDT initially planned to introduce its 5G services for their business consumers and home broadband customers.
Nonetheless, the firm deferred it to this year. The management of PLDT remarked that they desired to get a more lucid perspective on the new technology.
In the second quarter of 2020, the Philippine digital and telecommunications services provider is getting its network ready for the forthcoming commercial introduction of its 5G offering.
On Friday, March 6, 2020, PLDT Incorporated (PSE: TEL) closed at P1,059.00 per share.
This last trade price of the shares of the telecommunications company’s stock is up by P16.00 or 1.53 percent from its previous close.
Furthermore, the total value turnover reached P291,555,805.00. The Philippine Stock Exchange recorded the 52-week high of PLDT Incorporated at P1,373.00.
Meanwhile, its 52-week low is at P976.00.
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