🔒 Closed Musk's SpaceX takes interest in Philippines expansion

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Musk’s SpaceX takes interest in Philippines expansion
© STAR/File Musk’s SpaceX takes interest in Philippines expansion


MANILA, Philippines — The Board of Investments (BOI) is in talks with Space Exploration Technologies Corp. (SpaceX) of tech billionaire Elon Musk for the latter’s plan to provide satellite internet services in the country.

In a statement yesterday, the investment promotion agency said meetings were held in November and December last year and earlier last month to discuss the potential expansion of the company’s Starlink satellite internet service in the Philippines.

The BOI said the meetings discussed Starlink’s plan to put up a Philippine-registered company that will be a wholly owned subsidiary of SpaceX.

It said the company is looking to offer satellite internet services, particularly on providing broadband connectivity to remote areas not covered by traditional internet service providers.

The follow-up meeting was conducted after Congress’ ratification of the proposed amendments to the Public Service Act (PSA).

Amendments to the PSA would allow full foreign ownership for satellite internet services in the country and not require legislative franchise for public services.

“With the entry of Starlink into the Philippines, high-speed satellite broadband connectivity is expected to be delivered to customers nationwide, specifically in areas where connectivity has been a challenge,” BOI said.

Founded by Musk, one of the world’s wealthiest men, SpaceX is a global space launch provider with internal design and manufacturing capabilities.

Starlink, a division of SpaceX, provides internet access using advanced satellites in low orbit.

As of mid-2021, Starlink has over 1,600 satellites

The beta service offering is available in 17 countries as of September last year

FROM: PHILSTAR.COM
 
if cheap lng chooks lng yan. Malaking tulong yan sa pinas, maraming mabibigyan ng trabaho at magkakaroon narin ng abot kayang internet plan which is the speed malakas syempre 😃
 
maganda business yan dito, island nation tayo.. pabor satin yang sat internet.

pero my mga problema pa dyan ngayun, kagaya nang nasusunog yung mga sattelite nya dahil sa solar flare.
 
Mukhang imposible yan matuloy dahil sa 60/40 FDI restrictions natin

syempre madali lang yan, dummy CEO... pero no need na, wala namang physical na office yan dito produkto lang naman yung bebenta... problema nalang talaga is yung monopoly sa NTC baka ogags na naman sa mga policy kagaya nang lalagyan nang traffic shaping at mahal na service.
 
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