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Monday, July 10, 2000
 
AC ( 07/10/2000 : AFX )
The Ayala group is positioned to be a "prime mover" in the new economy through its investments to speed up internet access in the Philippines, Ayala Corp president Jaime Augusto Zobel de Ayala said. "There's no doubt in my mind that the wireless access to the Internet, as we move into the near future, will become a very important element of how the average Filipino consumer gains access to the internet," Zobel told a lecture forum. "Ayala wants to participate in this and wants to be a prime mover and make that infrastructure come alive," he said. "In that sense, we're really putting base stations throughout the country." "The whole infrastructure is being rolled down particularly in the urban areas... That's quite exciting as we move on," he added. He did not say how much Ayala has allocated for the undertaking. Ayala Corp earlier said it plans to spend more than 20 M usd this year on its internet and information technology initiatives through wholly-owned unit iAyala Co Inc.
- posted by StockMarket @ 11:42 PM


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