Philippine's Globe Telecom builds technical center and

World IT Report, Apr 9, 2003

Philippine's Globe Telecom has started constructing a P850- million ($16 million) technical center and telecommunications park in Makati City that will house the latest in computer and communications systems and applications.

Tomen Corporation is the main contractor of the proposed 15-story technical center, with Sumitomo Construction Philippines as the general contractor. The building is scheduled for completion by August next year.

Globe signed a loan contract with Global Bank and Rizal Commercial Banking Corp. last June 7 and June 5, respectively, to finance the project.

The telepark will be outfitted with the most sophisticated equipment and will be scalable to handle future technological developments.