Now Corp. has partnered with Vietnam’s Viettel Business Solutions Corp. to offer information and communications technology (ICT) products and services in the Philippines.
In a disclosure to the stock exchange on Friday, Now Corp. said it recently signed a memorandum of agreement with Viettel Business Solutions “to develop market opportunities in the Philippines.”
Now Corp. added the Vietnam-based technology firm wants to export ICT products and services to the Philippines.
“[Now Corp. will] support this process by developing the market and penetrate the enterprise IT market together with Viettel,” the listed company said.
The Philippines is Viettel’s 11th overseas market, according to Now Corp. Viettel currently operates in Vietnam, Laos, Myanmar, Cambodia, Burundi, Tanzania, Mozambique, Cameroon, Peru, and Haiti.
“Notable ICT applications of Viettel include Study E-learning Social Network, Smart Cities Project and a citation for being the best Mobile Payment in Asia,” Now Corp. said.
The two firms will be exploring opportunities in digital transformation consulting services, artificial intelligence, data analytics, and cybersecurity.
“The cooperation will also include identification and development of solutions focusing on the essential needs of the target market segments, from government/public sector to small and mid- size enterprises,” Now Corp. said.
On Friday, shares in Now Corp. jumped 7.83% or 27 centavos to close at P3.72 each. — Arjay L. Balinbin
