8990 Holdings, Inc. will soon be providing Internet connectivity to as much as 30,000 homes.
"We intend to create and operationalize our cable and internet unit this year," said the firm's president and CEO, Januario Jesus Atencio III.
The firm will be setting up a subsidiary given an initial investment of P17 million from the company. According to Atencio, the subsidiary will provide telephone and Internet services to homeowners of their housing units.
"Our intention is to provide a cable internet and telephone connectivity service for each and every DECA Homes homeowner," said Atencio. "This is consistent with our mission to provide not only solid houses to our target market, but also the amenities for their family to have a productive and meaningful life."
Known for their mass housing developments, the Visayas- and Mindanao-based property firm churns out horizontal, mid-rise, and high-rise housing projects under their three brands: DECA Homes, Urban Deca Homes, and Urban DECA Towers.
Up to 41,000 homeowners will benefit from the upcoming service, said Atencio.
"A captive market of an estimated 30,000 homeowners across the country can maximize this service soon. In the same way, the expansion of 11,000 units this year will add to the market for the cable and internet company we have decided to put up," Atencio stated.
"Our entry in providing cable and internet connectivity to our homeowners will also increase our shareholder value in terms of providing a long-term, sustainable source of recurring income," issued Atencio.