BOI, SpaceX in talks over PH investment plan
The Board of Investments (BOI) is in talks with Elon Musk’s SpaceX Exploration Technologies Corp. on a plan to set up satellite internet services in the Philippines.
In a statement, BOI said that the Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo had a series of follow-up online meetings with the company after the ratification of the proposed amendments to the Public Service Act (PSA).
In the initial meeting, SpaceX subsidiary Starlink is looking to put up a Philippine-registered company offering satellite internet services that will provide broadband connectivity to remote areas.
BOI added that this could deliver high-speed satellite broadband connectivity to customers nationwide, “specifically in areas where connectivity has been a challenge.”
Starlink provides the most advanced satellite broadband internet system in its 1,600 satellites globally.
Currently, Starlink provides its services to 29 countries, with Ukraine being the latest as a result of Russia’s assault.
