TOKYO, Mar 11 (Pulse News Wire) – Ips,inc. (4390.T) signed a 15-year lease agreement with Bases Conversion and Development Authority (BCDA), in Manila.
The agreement allows InfiniVAN, Inc., IPS's subsidiary operating telecommunications services in the Philippines, to utilize existing infrastructure without significant upfront investment. Under the deal, InfiniVAN will enhance its network expansion by integrating part of the unused Luzon Bypass Infrastructure (LBI). This move aligns with the Philippines' Digital Connectivity Act aimed at strengthening national digital connections. Additionally, InfiniVAN plans to build a state-of-the-art Baler landing station, which will serve as a gateway for the new international submarine cable "Candle," connecting Japan, the Philippines, and Singapore.
The lease includes hosting multiple international submarine cables at the Poro Point landing station, boosting connectivity and revenue potential. Both stations will establish a robust east-west communications backbone, positioning the Philippines strategically within Asia’s digital ecosystem. InfiniVAN, established in 2015, operates with a capital of ¥1.998 billion Philippine pesos and focuses on providing internet services to businesses in the Philippines. The agreement's impact on IPS's fiscal year 2026 performance is expected to be minor initially but could contribute significantly to long-term growth.
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