The Philippines is projected to have 50% of its mobile connections using 5G technology by 2030, a significant rise from 6% in 2023, according to GSMA. The digital economy is expected to double to ₱5 trillion by 2030, contributing 27% of the GDP. Despite advancements, 45% of the population remains offline due to affordability issues, particularly in rural areas. GSMA highlighted the need to address high spectrum fees, outdated policies, and digital trust to support the country’s connectivity goals. Private telcos also emphasize the importance of upskilling the workforce and enhancing cybersecurity to foster digital growth.
5G ADOPTION IN PHILIPPINES TO REACH 50% BY 2030
Latest from Business
The Sugar Regulatory Administration (SRA) has intensified efforts to combat the red-striped soft scale insect (RSSI)
President Ferdinand Marcos Jr. lifted the previous ban on new economic zone accreditations in Metro Manila,
President Ferdinand R. Marcos Jr. called for amendments to the 25-year-old Electric Power Industry Reform Act
The Philippines has concluded negotiations for its first free trade agreement with a Latin American country
Bank of the Philippine Islands (BPI) is piloting stablecoin-based settlement rails to speed up and reduce