NGCP, DICT reach agreement on use of fiber optics

Privately owned National Grid Corporation of the Philippines (NGCP) said it had reached a “mutual decision” with the Department of Information and Communications Technology (DICT) on its way forward in relation to its fiber optic capacity available for the use of third parties in the implementation of the National Broadband Program (NBP).

In a statement, NGCP said it would enter into the agreement up to the life of its concession, which is until 2034, “provided that in the event that the Concession is extended, the bilateral agreement will also be extended.”

“NGCP will not object to any separate agreement DICT signs with TransCo for so long as the exclusive rights of the company in relation to transmission and related businesses, for the entire duration of its concession are upheld,” it said. — Victor V. Saulon