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Monday, September 5, 2016

Globe Telecom Signs P20 Billion Term Loan Facility


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Globe Telecom, Inc. signed a 12-year and 15-year P20 billion term loan facility arranged by First Metro Investment Corporation with Metropolitan Bank and Trust Company as lender. The loan shall be used to finance the acquisition of a fifty percent (50%) equity interest in Vega Telecom, Inc., Bow Arken Holdings Company, Inc. and Brightshare Holdings Corporation (collectively, the “Companies”), including capital expenditures related to the acquisition.

Referring to our related disclosure of May 30, 2016, Globe Telecom’s acquisition relates to the Companies owning and operating telecommunications services including frequencies, licenses, and all other assets. Given that Philippine telcos are having difficulty improving the quality of mobile data services because of continued challenges with site acquisition for cell sites and the intensely bureaucratic permitting process of many local government units, having the additional spectrum will provide some relief as it will immediately add new capacity with the existing number of sites.

Mobile internet customers are expected to benefit from the added capacities and greater geographic coverage that the additional spectrum can provide, particularly that of the 700 MHz frequency. This exemplifies Globe Telecom’s continuous commitment and investments in improving the network and quality of service. These investments will enable Globe to support the data needs of existing and new customers and allow them to enjoy their digital lifestyles.

Globe, PNP Sign MOU to Operate Text Bato Hotline for Crime Prevention


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PNP officials led by PNP Director General Ronald “Bato” Dela Rosa (2nd from right) , leads the signing of a memorandum of agreement with the country’s telco providers. Globe Telecom General Counsel Atty. Froilan Castelo (2nd from right) signs on behalf of the telco operator.

Globe Telecom signed a memorandum of agreement with the Philippine National Police to operate Text 2286 (Bato), a SMS hotline providing an access for the public to directly report incidents to PNP Director General Ronald “Bato” Dela Rosa.

Aside from ensuring inbound and outbound SMS accessibility for Text Bato, Globe is also providing an interactive platform for the hotline that would immediately address police concerns. “Globe is aware that the availability of an affordable and accessible communications system is an effective tool in crime prevention. We hope that a system integrator for Text Bato will significantly enhance the PNP’s readiness to address the public’s police concerns and thus improve the peace and order situation in the country in general,” Globe General Counsel Atty. Froilan Castelo said.

The MOU provides that in addition to providing an alignment of the integrator and vendor of the SMS platform that provides the hotline for the PNP, Globe will also extend support in disseminating information on the Text Bato hotline to increase public awareness.

Fortifying Wireless Security Key To A Robust Network


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Most organizations think they have their security taken care of but ironically, CIOs today are not accounting for how their network is actually accessed. A single user may be logged on through multiple devices: a phone, a tablet, and a laptop. There could also be myriads of devices on the network that IT doesn’t even know about.

According to Fortinet, the global leader in high-performance cybersecurity solutions, this disconnect is driven by Shadow IT - the result of unbridled use of unapproved devices and services on the network. Shadow IT includes consumer or enterprise applications in the cloud, such as file sharing apps, social media, and collaboration tools. There is often no corporate policy or decision to allow this, and most of the time it is unknown by anyone on their IT team.

“The fact is, about 90 percent of employees and guests are connecting to their network wirelessly and yet wireless APs are often less secure than the wired perimeter. The proliferation of devices and applications is posing serious challenges for organizations that need to ensure the protection of their entire network and guard against advanced cyber security threats,” said Jeff Castillo, Country Manager, Fortinet Philippines. “It is critical that a security solution map users to devices and control access accordingly and accurately.”

Gartner Group predicts that 33 billion endpoints will be connected by 2020, of which the majority of these devices will be wireless. As more and more wireless devices enter the workplace, companies are striving to maintain the security of their wireless networks.

“When it comes to devices in the workplace, one often thinks of smart phones, laptops, and tablets. But today’s wireless endpoints comprise more than those traditional devices. Organizations may also deploy wireless IP cameras, location-based beacons, and other small devices which often are not capable of supporting traditional security solutions. So this means companies have more and more vulnerabilities to protect for the foreseeable future,” said Castillo.

The growing number of small devices that are not able to support security is one challenge. But even traditional wireless devices – smart phones, laptops, tablets – can create security gaps due to the number of mobile applications they run, both for personal and professional use. Contact management apps, games, shopping websites, and even legitimate online news outlets may be infected with malware without the user’s knowledge. This can, in turn, affect the enterprise network as a whole. Users sharing their log-in credentials with guests, or not changing their passwords regularly can also lead to security gaps.

Securing business communications, personal information, financial transactions, and mobile devices involves much more than network access control. It also requires actively scanning for malware, preventing access to malicious websites, end-point integrity checking, and controlling application usage. Protecting Access Points (AP) is paramount to a sound wireless security strategy, and to securely extend physical coverage for users. Today’s APs not only need to support high density environments, but also support security features like Application Visibility & Control (AVC), Wireless IPS (wIPS), and Rogue monitoring —all without the loss of performance.

“Companies need a fabric with deeply integrated security systems that share information across all areas, including wired, wireless, VPN, and cloud environments. When the integration is coupled with machine learning capabilities, the system can flag abnormalities more accurately and more rapidly, and coordinate responses between different security deployments. All of this contributes to better response time for organizations in mitigating threats,” said Castillo.
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