Feb. 14 (Bloomberg) -- Globe Telecom Inc. will sign a $700 million agreement with Huawei Technologies Co. and Alcatel- Lucent to modernize its network, Philippine President Benigno Aquino’s communications office said in a statement today.
At least $570 million of the total amount will be spent this year and in 2013, Aquino’s communication office said. Aquino will witness the signing at the presidential palace tomorrow.
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