PT&T secures TransCo telco assets with deal

Philippine Telegraph and Telephone Corp. (PT&T) has signed an agreement with state-owned National Transmission Corp. (TransCo) to potentially use the latter’s fiber network, bolstering its bid to become the country’s third major telecommunications player.

In a statement on Thursday, PT&T said that under their memorandum of understanding (MOU), both firms would form a technical working group (TWG) on using the “dark (unused) fiber in the country’s network of transmission lines.”