INFORMATION Capital Technology Ventures Inc. said it has entered an agreement with a Chinese telecom firm and Next Mobile Inc. for future ventures.

In a disclosure to the Philippine Stock Exchange, ICTV said it entered a Memorandum of Understanding with Huawei International Pte. Ltd., Huawei Technologies Inc. and Next Mobile.

“The parties desire to explore the possibility of entering into a business relationship which will allow each party to provide its respective contribution in order to attain the common purpose of implementing Next Mobile’s nationwide build-up plans,” ICTV said.

The company earlier said it would set aside P30 million to P40 million in the next two years for capital expenditures in connection with the launch of new products and services.

At present, the company is constructing an ICT Data Center Infrastructure to establish its “cloud computing” capability. The project is scheduled for completion on the third quarter of the year. The facility will drive the introduction of the company’s high-value open-source and proprietary applications in the virtual world.

ICTV is also investing in the development of online and mobile games and e-commerce through ThumbMob and EHR/EMR System through a planned partnership with Rochart International Inc.

The tie-up is eyeing the establishment, operation, marketing and administration of a Philippine healthcare services holding corporation to be called International Healthcare Corp.