Lucio Tan ventures into fixed-line internet

Bilyonaryo Lucio Tan’s MacroAsia Corp. is looking to foray into fixed-line internet services through subsidiary TERA Information and Connectivity Solutions Inc.

MacroAsia said TERA is working to become a fixed-line internet service provider for both business and residential users in the next three to five years.

Its services will be focusing initially in areas where it is needed by the MacroAsia Group, or its current joint venture partners, to meet business requirements, boost connectivity and reduce costs.

In the process of pipeline expansion for its water business, MacroAsia said it has been considering to lay down internal fiber networks as well since these are needed in these development areas.

MacroAsia has been expanding its water pipeline network in greenfield or development areas for its water operations outside Metro Manila.

The company, however, said there are no firm investment details yet on its planned fixed-line internet services venture.

MacroAsia’s businesses include aircraft maintenance, repair, overhaul; water, mining, property development, airline catering services, ground handling, air taxi services and aviation school.

The company earlier said it would offer telco services through digital radio trunking in several airports in the country, using a frequency that has already been made available by the government to the aviation group.

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