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Streamtech

From Wikipedia, the free encyclopedia

Streamtech Systems Technologies, Inc.
(Streamtech)
Company typePrivate
IndustryTelecommunications
PredecessorPlanet Cable
FounderManuel "Paolo" A. Villar III
Headquarters
Bacoor, Cavite
,
Philippines
Area served
ServicesCable television, Fiber broadband internet
OwnerPrime Asset Ventures, Inc.
ParentVillar Group of Companies
SubsidiariesAdvanced Media Broadcasting System
Planet Cable
Websitewww.streamtech.com.ph

Streamtech Systems Technologies, Inc. is a Philippine telecommunications company. Founded by Manuel Paolo A. Villar (son of real estate magnate and politician Manuel Villar Jr.), it offers communication services such as fiber to the home, internet and cable television bundles (through Planet Cable) and internet for small businesses and large enterprises.[1]

History

Early years

Planet Cable was founded in 2000 by Manuel Villar, Jr. It began its cable TV services in Cavite and Laguna.

Congressional franchise, formal launch

Paolo Villar founded the company around in 2017. The following year in 2018, it obtained its 25-year Congressional franchise to operate telecommunication system under Republic Act No. 11089.[1][2]

It was also interested to bid for the country's third major telecommunications provider, but were backed out after internal discussions.[3]

In 2020, the Villar Group formally launched the fixed-line broadband internet business of Streamtech, including a peering partnership with Tier 1 for its global upstream services. The company also completed its acquisition of Planet Cable.[4][5]

In 2021, Planet Cable acquired Advanced Media Broadcasting System, the company operating the radio station AllRadio 103.5 and TV network ALLTV from the Vera family.[6]

See also

References

  1. ^ a b Corrales, Nestor (October 23, 2018). "Duterte approves telco franchise of Villar-owned Streamtech". Philippine Daily Inquirer.
  2. ^ Camus, Miguel (April 22, 2019). "Villar firm seeks telco license". Philippine Daily Inquirer.
  3. ^ Corrales, Nestor (November 5, 2018). "Villar's Streamtech not vying for 3rd telco slot". BusinessWorld.
  4. ^ Gonzales, Iris (July 25, 2020). "Villar launches internet unit". The Philippine Star.
  5. ^ Loyola, James (July 23, 2020). "Villar group subsidiary launches new telco". Manila Bulletin.
  6. ^ Fernandez, Daniza (September 23, 2021). "4 broadcasting franchise applications get Senate panel's nod". Inquirer.net. Retrieved November 27, 2021.


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This page was last edited on 19 April 2024, at 03:47
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