LCS Group of Companies chairman, ex- Governor Luis “Chavit” Singson guaranteed the Filipino public that they are going to offer the lowest possible value for internet connection with 100 Mbps speed as soon as his consortium will be allowed by the Duterte admin as the 3rd telco player in the country.
Gov. Singson shared throughout a gathering with some members of the media in Quezon City that his firm, LCS Group have previously signed a contract with TierOne to purchase an equity stake with an international broadband satellite operator which will pave the opportunity for his company to obtain its own satellite.
The professional politician and well-known businessman exposed also that section of their contract with the international company is their offers to become the 3rd telco player in the Philippines.
The stated international company will release their own satellite this approaching August or September 2019, within this time, the Philippines will definitely finalize the 3rd telco player who will challenge against the leaders PLDT and Globe.
The firm owned by Singson also guaranteed that they will lessen the price of internet connection of up to 95% as compared to its competitors.
Singson mentioned that if their competition will cost their connection at P100, they are able to still contend with just P5.00. They also plan to turn into the telco of every Filipinos showcasing a cable and satellite with “full connectivity” all over the 7,107 islands in the Philippines.
“Kung P100 ang [presyo ng] kalaban, P5 lang kami,” Singson said.
He added that, “May cable and satellite kami. Kami lang ang magkakaroon ng full connectivity sa 7,100 islands [ng Pilipinas]. Ang iba wala,”
As soon as permitted by the Duterte admin with the 3rd telco franchise, the Singson group of companies and also its partners will offer at least 1.3 Gigabits per second bandwidth per transponder and could provide a connectivity speed of up to 100 Megabits per second (Mbps) because of the availability of their own satellite.