Fiscal incentives, largely in the form of income tax holiday and duty free importation of capital equipment, will go to Converge Information and Communication Technology Solutions Inc. for its P890-million project that will help upgrade the country?s telecommunications infrastructure.
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Converge Information will establish a wired (fiber optic) and wireless data communication network throughout the country to increase connectivity speed for high-speed broadband Internet service to households and businesses.
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The three-phased project "? will use GPON [Gigabit Passive Optic Network], a pioneer technology for installing, operating, and maintaining nationwide wired and wireless broadband network,? the Board of Investments noted in a statement Friday.
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?Converge projects a subscriber base of around 40,000 for a five-year period," the board added.
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Phases One, to begin in December 2012, will cover the National Capital Region, as well as Bulacan, Nueva Ecija, Bataan, Olongapo, Clark, Tarlac, and Pampanga. These areas will serve as switch nodes ? at 10 gigabits per second ? to Converge Information?s infrastructure.
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The Investments Board said the second and phase of the project will start in three to five years, covering other areas in the country.
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"The rapid Internet growth and enormous bandwidth consumption it entails pose a challenge to telecommunications infrastructure,? according to BOI.
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?The Converge project will help address telecommunication gap by ensuring faster Internet speed and ability to meet the growing volume of data traffic," it added. ? VS, GMA News
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