has attributed the recent mobile and broadband service disruptions in select areas in Metro Manila and Luzon to damages to underground fiber optic cables during draining excavation works by a subcontractor of the Department of Public Works and Highways. Ayala-led Globe Telecom Inc. But not everyone is on board with getting rid of their landline. If Assembly Bill 470 passes, the company said it will implement a phased, multi-year approach to eliminate. The Telecoms crash, also known as the Telecommunications Bubble was a stock market crash that occurred in 2001, after the bursting of the dot-com bubble. The telecommunications industry had experienced significant growth and investment during the 1990s, fueled by the expansion of the internet and. The vandalism left more than 50,000 Spectrum residential, business and government subscribers without service in mid-June. More than a dozen broadband fiber lines in Van Nuys were deliberate cut in June 2025, according to Charter. According. Telecommunications companies are rapidly expanding fiber optic coverage, especially for homes. Unlike an excavator hitting a gas or power line, accidental disconnection of an optical cable will not pose a direct and obvious threat to public safety. However, the reduction of the optical fiber may. Under the old system, telecom companies laying fibre-optic cables or erecting mobile towers had to navigate a maze of state-level permissions — inconsistent fees, arbitrary timelines, delays stretching to 455 days.