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Globe Telecom Inc. said Monday more property owners and developers are supporting the elimination of leases for in-building telecom infrastructure.
Globe said such unregulated fees, which bloat telco expenses, derail efforts to expand connectivity as demand continues to rise, with more Filipinos using the internet for daily activities, whether for work, school, livelihood or entertainment. Globe is working with both real property developers and the government to align priorities for connectivity by encouraging them to remove lease fees for in-building solutions.
Globe’s zero lease initiative is inspired by successful implementations in other Asia-Pacific countries, demonstrating that such a practice can reduce operational costs for telecom companies, foster a more competitive market, and ultimately benefit consumers with improved connectivity and services.
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