LEADING telecommunications provider Philippine Long Distance Telephone Co. (PLDT) said it is targeting to sign a memorandum of understanding (MOU) with a consortium of telcos on its plan to invest between $50 million and $100 million on a second Asia-America Gateway (AAG) submarine cable system and that it plans to construct a new cable landing station either in Daet, Camarines Sur or in Batangas.
The telecom provider looking at “Asia-America Gateway (AAG) number 2 cable, but we’re still in the planning stage,” Genaro Sanchez, PLDT vice president for international network, said in a phone interview.
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