Acquisition and Commercialization of a Proprietary Submarine Cable Between the Philippines and Hong Kong
First written in FY2018. 6 of 12 entries say "Advanced", first in FY2020. Latest entry: 2026-05-08.
No other company in this theme has enough history to compare yet.
- 2026-05-08Cited as achievedRevision of earnings forecasts
「Our group acquired part of the usage rights for the submarine cable connecting the Philippines with Singapore and Hong Kong (the City-to-City Cable System, or “C2C”), together with terrestrial lines in each country, established a position as a carrier’s carrier (a wholesaler for telecommunications operators), and expanded the business by responding to growing communications demand and deploying communications lines and services throughout the Philippines through the expansion of the domestic backbone network centered on the Philippine Domestic Submarine Cable Network, completed in December 2023.」
The company cited the acquisition and commercialization of usage rights for the C2C connection, its position as a carrier’s carrier, and its expansion based on PDSCN as operating achievements. - FY2024-Q1RestatedAnnual report
「The Group has acquired part of the rights to use the submarine cable connecting the Philippines with Singapore and Hong Kong, the City-to-City Cable System (the “C2C cable”), and an international telecommunications network comprising terrestrial lines in each country. It has also established a position as a carrier’s carrier, a wholesaler for telecommunications operators, to meet growing demand for telecommunications, while working to expand the business by jointly constructing domestic submarine cables in the Philippines, installing terrestrial lines in the Philippines and expanding the country’s backbone network.」
The Company has continued developing its business on the international telecommunications network after acquiring and commercializing rights to use the C2C cable, establishing its position as a carrier’s carrier and expanding the Philippines’ domestic backbone network. - FY2022AdvancedAnnual report
「In November 2021, the Company additionally acquired rights to use the C2C cable between the Philippines and Hong Kong under an IRU agreement, and in December 2021 began providing carrier’s-carrier services to major telecommunications operators.」
For the C2C cable, which had already been commercialized, the Company acquired additional usage rights between the Philippines and Hong Kong and progressed to the launch of carrier’s-carrier services for major telecommunications operators. - FY2022-Q3AdvancedAnnual report
「ISMO Pte. Ltd. Telstra Singapore Pte. Ltd. Right to use a telecommunications circuit connecting Hong Kong and the Philippines November 2021 14 years Grant of an indefeasible right of use by ISMO Pte. Ltd. ISMO Pte. Ltd. Globe Telecom, Inc. Right to use a telecommunications circuit connecting Hong Kong and the Philippines December 2021 14 years Grant of an indefeasible right of use by ISMO Pte. Ltd.」
In addition to the existing C2C cable, the Company disclosed 14-year IRU agreements for telecommunications circuits between Hong Kong and the Philippines with Telstra Singapore and Globe Telecom in November and December 2021, further expanding its international telecommunications network. - FY2022-Q2AdvancedAnnual report
「On 2 November 2021, ISMO Pte. Ltd., a consolidated subsidiary of the Company, entered into an agreement with a group company of Telstra Corporation Limited, an Australian telecommunications company, to acquire part of an international telecommunications circuit connecting the Philippines and Hong Kong. This added rights to use optical fiber to the C2C cable, for which the Company acquired a 15-year right of use under an IRU agreement in 2020.」
For the C2C cable, which had already been commercialized, the Company entered into an agreement to acquire additional rights to use optical fiber between the Philippines and Hong Kong, moving into the expansion phase of the international telecommunications network. The agreement was signed on 2 November 2021, after the reporting period, and was disclosed as a material subsequent event. - FY2022-Q1RestatedAnnual report
「Last year, the Group acquired rights to use the submarine cable connecting the Philippines with Singapore and Hong Kong, the City-to-City Cable System (the “C2C cable”), as well as terrestrial lines in each country, and has been building and expanding the Group’s international telecommunications network (the “International Telecommunications Network”).」
The Company states that it has continued building and expanding its international telecommunications network after acquiring rights to use the C2C cable and terrestrial lines. - FY2021-Q3AchievedAnnual report
「The C2C cable became operational in October, and the Company began providing services to telecommunications operators in the Philippines and elsewhere.」
Regarding the submarine cable capacity between the Philippines and Hong Kong and other routes, the cable became operational and services commenced for telecommunications operators, completing the commercialization phase of the acquisition-and-commercialization objective. - FY2021-Q2AdvancedAnnual report
「IPS Telecommunication Singapore Pte. Ltd., newly established to conduct the telecommunications business in Singapore during the first quarter of the fiscal year, became a specified subsidiary from the second quarter.」
As the operating structure for overseas telecommunications development using the C2C cable, the local company established for the Singapore telecommunications business became a specified subsidiary. - FY2021-Q1AdvancedAnnual report
「In the overseas telecommunications business during the first quarter of the fiscal year, the Company acquired, under an IRU arrangement, part of the optical fiber capacity of the submarine cable connecting Manila–Hong Kong and Manila–Singapore, the City-to-City Cable System (the “C2C cable”), to further expand the business.」
The Company reported that, following the agreement signed on 7 May 2020, it acquired part of the optical fiber capacity of the C2C cable between Manila–Hong Kong and Manila–Singapore under an IRU arrangement. It also newly established a local company for its Singapore telecommunications business, moving from the conceptual stage to acquisition and business development. - FY2020AdvancedAnnual report
「On 7 May 2020, the Company entered into an agreement with a group company of Telstra Corporation Limited, an Australian telecommunications company, to acquire a 15-year indefeasible right of use (IRU) for an international submarine cable connecting the Philippines, Hong Kong and Singapore.」
Regarding the planned acquisition and commercialization of a proprietary submarine cable between the Philippines and Hong Kong, the Company entered into an agreement to acquire a 15-year IRU for the C2C cable from July 2020. - FY2019RestatedAnnual report
「Accordingly, the Company has set the future acquisition and commercialization of a proprietary submarine cable between the Philippines and Hong Kong as a management objective.」
The Company has reiterated its future goal of acquiring and commercializing a proprietary submarine cable between the Philippines and Hong Kong. The acquisition method, timing, capacity and investment amount, among other matters, remain undecided. - FY2018First statedAnnual report
「Accordingly, the Company has set the future acquisition and commercialization of a proprietary submarine cable between the Philippines and Hong Kong as a management objective.」
The acquisition and installation method, acquisition timing, capacity, investment amount, financing method and investment recovery method have not been determined, and the project is described as being at the conceptual stage.