Sky Cable introduces ‘fastest’ Internet

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Tuesday, September 28, 2010

THE Sky Cable Corporation launched Tuesday what it referred as the fastest Internet plan available for residential customers.

In a briefing, Rodrigo Montinola, Sky Cable’s vice-president for marketing, said customers can experience up to 112 megabits per second (mbps) download speed, similar to the more established Internet infrastructures in South Korea and Japan.

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The services surpass Sky Broadband’s high speed connections of six mbps and 12 mbps currently being offered to consumers.

“While the roll-out is in its initial stages, the ultra high-speed broadband offering is a testament that Sky is at the forefront of pushing greater broadband speeds to improve access to productivity, entertainment and information sources and applications on the Internet,” he said.

Residents living in the Rockwell Center, a 15.5-hectare upscale commercial and residential area in Makati City are the initial target customers, added Montinola.

Plan 112 mbps costs P24,000 per month, which includes Sky Cable Platinum package, Sky Voice Plan 100 (free 100 minutes call time to United States and Canada) and unlimited additional outlets.

Montinola said they are not expecting high revenues from its latest offering as they focused on staying in the forefront of the broadband market by allotting P1 billion for capital expenditures alone.

“We want to gauge the market first and make a rollout in Metro Manila. We are really serious in providing the fastest Internet service. We want to push the envelope insofar as linking broadband penetration and economic growth is concerned.”

A recent research from the International Telecommunications Union (ITU) suggested a strong link between broadband penetration and economic growth.

A separate report from the World Bank in 2009 said that for every 10 percentage-point jump in high-speed Internet connections translate to an economic growth of 1.3 percent, especially in developing economies like the Philippines.

Montinola also announced the firm will be unveiling “richer and more compelling content,” through iWantv!, which allows subscribers to catch up on the latest programs in ABS-CBN and its sister networks ABS CBN News Channel, music channel MYX, and Studio 23 on an on-demand basis.

SkyCable is a subsidiary of broadcast giant ABS-CBN Corporation, whose shares closed 40 centavos higher at P56 each on Tuesday. (Virgil Lopez/Sunnex)


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