According to a statement released by its local partner, Starlink, the satellite internet division of Elon Musk's SpaceX, is on schedule to launch its broadband service in the first quarter and enter the Philippine market this year.
Anthony Almeda, vice chairman and CEO of Data Lake Inc., a Manila-based company he co-owns with businessman Henry Sy Jr., expressed excitement about eventually introducing Starlink to the Philippine market by Q1 2023.
The high-speed, low-latency broadband internet service will "change the game," according to Almeda, for the spotty broadband coverage of the Southeast Asian archipelago.
According to data from the World Bank, only seven out of every 100 individuals in the Philippines have fixed broadband subscriptions, lagging behind regional counterparts like Singapore, Malaysia, and Thailand.
Customers in the Philippines, according to Data Lake Inc, would have to pay an upfront cost of $599 for each unit and $99 per month for connectivity service to get a download speed of 200 Mbps.