Written by VG Cabuag
The Villar Group has launched its own telecommunications company through Prime Asset Ventures Inc. (PAVI), a company led by Manuel Paolo A. Villar, as it takes over the operations of an existing player.
In a statement, the Villar’s telco—named Streamtech Systems Technologies Inc.—will take over the internet systems operations of Planet Cable Inc., a multi-system operator offering cable TV services, cable internet and digital video broadcast.
Planet Cable’s operations in Luzon in Regions 1, 3, Metro Manila and Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon), Iloilo and Davao will soon be under Streamtech, the company said.
Paolo Villar is the son of former politician now businessman Manuel B. Villar Jr.
“We have high hopes of providing internet services to the farthest reach possible, also in line with our commitment to provide high quality services to Filipinos across the country. We are very confident that we can greatly boost the internet experience of our existing and future customers,” Villar, the founder of PAVI, said.
Streamtech initially offers services, such as fixed broadband for residential and small and medium enterprises, direct internet access and connectivity for enterprises.
Some of its major clients include mostly the Villar-owned firms, such as Vista Land and Lifescapes Inc., which operates housing brands Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences; and essential-services brands Prime Water, S.I. Power Corp., Kratos RES, E-Prime Business Solutions and Crystal Clear.
The company said the new telco has established strong peering with tier 1 global internet upstream providers, especially those in the Asia-Pacific and United States routes. Having its international point of presence has allowed Streamtech to expand capacity to multiple gigabit connectivity, it said.
“Localized content and peering add to its network strength, making it easier to deliver good connections using a fully meshed metro ethernet supporting fiber reach. Moreover, it has secured a direct partnership with one of the leading international telco equipment manufacturers, with the latter being the technology partner for its network equipment as well as its fiber to the home access technology,” Streamtech said.
The company said it will provide value-added products and services to its clients, such as the Digiclass e-learning bundles, ZPacks vlogging and gaming bundles and Extendifi wifi extenders.
Resource: Business Mirror