C01003-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 1,806,726,314 |
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Subject of the Disclosure |
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Execution of Memorandum of Understanding between NOW Corporation's associate, NOW Telecom Company, Inc., and Rakuten Symphony. |
Background/Description of the Disclosure |
On 26 February 2024, NOW Corporation’s associate, NOW Telecom Company, Inc., signed a Memorandum of Understanding with Rakuten Symphony to establish a collaborative framework for the deployment of a 5G Open RAN Pilot Deployment in the Philippines. The MoU was signed on Day 1 of the Mobile World Congress at the Fira Gran Via in Barcelona, Spain. Under the terms of the agreement, Rakuten Symphony and NOW Telecom will collaborate with the aim of developing disaggregated networks and open interfaces in the South-East Asian country. Both Parties will contribute expertise, resources, and technology to jointly develop 5G and related ICT solutions for NOW Telecom’s network. Furthermore, the companies will work together to introduce Rakuten’s ICT services to the Philippine market. Rakuten Group already has a strong presence in the Philippines through its leading instant messaging app, Rakuten Viber, |
Other Relevant Information |
The foregoing disclosure contains forward-looking statements and soft information that are based on the terms of the Company's partnership with Rakuten Symphony and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements. |
Name | Angeline Macasaet |
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Designation | Corporate Secretary |