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Philippine's Globe Telecom builds technical center and
World IT Report, Apr 8, 2003
Philippine's Globe Telecom has started constructing a P850- million ($16 million) technical center and telecommunications park in Makati City that will house the latest in computer and communications systems and applications.
Tomen Corporation is the main contractor of the proposed 15-story technical center, with Sumitomo Construction Philippines as the general contractor. The building is scheduled for completion by August next year.
Globe signed a loan contract with Global Bank and Rizal Commercial Banking Corp. last June 7 and June 5, respectively, to finance the project.
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The telepark will be outfitted with the most sophisticated equipment and will be scalable to handle future technological developments.
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- Many countries now have a mobile penetration rate above 100%, report says
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