In 1989, a young scion of a Philippine independent broadcast network, Judith Duavit Vazquez, was compelled by the darkness of Post Martial Law to reach for a light. Faced with the turbulent government of Cory Aquino, this idealistic economist decided to create a utopian business space, which, in theory, would enable an ambitious Filipino to take global center stage.
The visioning resulted in the construction of the country’s First Intelligent Building within the country’s Central Business District, The Peak, a 40-story edifice topped with the largest telecommunications tower. The Peak is home to PHCOLO.
The Peak is a building of many firsts, with a one-of-a-kind design and engineering that strictly addresses a 24/7 environment and system scalability that works overtime. Its telecom tower is securely anchored on the building’s core of steel. The building is also built on a floating foundation to address earthquake tremors.
In 1994, The Peak’s construction was instrumental in the laying of the first fiber ring in the Central Business District by the nation’s telecom monopoly – Philippine Long Distance Company (PLDT). It heralded PLDT’s first colocation in neutral territory.
In 1995, the Philippine Congress passed the Telecommunications Act, which deregulated the telecom industry. This mirrored that of the Clinton Administration and other nations, which essentially dismantled telecom monopolies and forced the interconnection over 80,000 global networks. This resulted to the revolutionary internet – a virtual space that provided an equal playing field for developing nations.
In 1995, The Peak received its Occupancy Permit from the City of Makati. Among its first tenants were newly established telecom companies, pioneering Internet Service Providers and Information Technology departments of the Philippine banks – a critical mass of telecom players and users that established the value of what was to emerge as PHCOLO.