HEADLINES

NOW Corp bags UnionBank as its first banking and gigabit client for NOW Fiber Air

The agreement with Unionbank strengthens NOW’s position to provide guaranteed broadband connectivity for enterprises via its fixed wireless network infrastructure that it has established in Metro Manila.

Henry R. Aguda, SEVP, CTOO and Chief Technology Officer, Unionbank of the Philippines, Maria Francesca R Montes, AVP-Data Privacy Office, Unionbank of the Philippines, Paulo Martin G. Santos,VP, Enterprise Communications and Collaborations, Unionbank of the Philippines, Rodolfo Pantoja, Deputy CEO,Now Corp., Mel V. Velarde, CEO, Now Corp.,Kristian A. Pura, Head of Business Development, Now Corp., Raymond del Rosario, Media Group, Now Corp.

NOW Corporation, a listed firm in the Philippine Stock Exchange, has entered into a multi-year agreement with UnionBank of the Philippines for the provision of broadband internet access in support of the bank’s digital transformation roadmap.  The first activated site with a 1Gbps broadband connectivity via fixed wireless is UnionBank’s corporate headquarters in Ortigas Center, Pasig City.

The agreement with Unionbank strengthens NOW’s position to provide guaranteed broadband connectivity for enterprises via its fixed wireless network infrastructure that it has established in Metro Manila.  NOW has pioneered “Fiber Air” and has since then became the largest fixed wireless access (FWA) broadband provider in the country. 

Both parties also agreed to explore utilizing NOW Fiber Air for its branches and for other sites owned and operated by the Aboitiz-led bank.

NOW also announced today its entry in the gigabit era by providing gigabit broadband plans to its subscribers. The roll-out of its gigabit broadband plans will be available in Metro Manila, mainly for its enterprise clients. This is made possible thru NOW’s fixed wireless access (FWA) network infrastructure that it has established by using high-capacity and proprietary radio antennas exclusive to NOW’s access to frequencies.

“NOW is proud to announce:  We are now offering gigabit plans of guaranteed broadband internet to our subscribers. Our technology allows for it. And we will push the envelope with our high capacity fixed wireless solution” said Kristian Pura, Head of Strategy for NOW Corporation. “This applies to prospective enterprise and retail subscribers. To our existing enterprise subscribers, please inquire if you desire a gigabit upgrade,” he added.

NOW Corp’s partnership with telecommunications affiliate NOW Telecom, allows for its Philippine pioneering FWA infrastructure, allowing for efficient delivery of high capacity, gigabit bandwidth internet access, both scalable and easily repeatable nationwide. 

NOW’s service positioning is its guaranteed broadband internet where advertised speeds are committed speeds to subscribers. The Company upgraded and quadrupled its capacity to 2.40Gbps in 2018, with technological costs lowering, and bandwidth capacity solutions increasing. It has connected more than 400 buildings with service coverage of up to 2km per building.

“This inverse relationship between technological costs and high marginal value is the core element that keeps NOW’s business model thriving,” said NOW Telecom president Rodolfo Pantoja. “Especially in the Fixed Wireless space, where bandwidth capacity solutions are exponentially increasing, we at NOW have the right footing to maneuver this competitive space.”

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