The true benefit of Konektadong Pinoy Act
The entry of Singapore-based Velox Networks into the Philippines highlights the benefits of the Konektadong Pinoy Act, which streamlines foreign telco entry. The company aims to replace outdated analog PBX systems with modern, cost-effective cloud-based telephony.
Why it matters
This reflects a significant shift in Philippine telecommunications policy, potentially lowering operational costs for local businesses by removing legacy infrastructure requirements.
Finally, the true benefit of the Konektadong Pinoy Act is materializing with the entry of Velox Networks, a Singapore-based cloud telephony provider that can provide at a much lower cost voice, messaging and communications to Filipino companies using the Internet.
The Konektadong Pinoy measure removed the roadblocks to the entry of foreign telco providers by streamlining the licensing process, promoting infrastructure sharing and allowing new and smaller players to invest in data transmission infrastructure without requiring a legislative franchise - an outdated requirement unique to the Philippines.
Velox Networks has entered the Philippine market with an initial staff of 18 employees. It offers a telephony system that relies on the Internet, lowering the cost for both the company and its employees that rely on private telephone networks, such as a PBX or PABX system for internal and external communication.
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