NTC confirms Mislatel Consortium as 3rd major telco
The National Telecommunications Commission (NTC) has confirmed Mislatel Consortium as the new major telecommunications player to compete with PLDT Inc. and Globe Telecom. The consortium is owned by Davao-based businessman Dennis A. Uy and state-owned China Telecom Corp. Ltd. The companies behind the consortium are Mindanao Islamic Telephone Inc. (Mislatel), Udenna Corporation, Chelsea Logistics Holdings (CLC), and China Telecom.
Mislatel passed the NMP selection process and was the only bidder to submit complete requirements while the other two rivals, PT&T and Sear Telecom Consortium, were disqualified. However, after passing the NMP selection process, the consortium will undergo a 90-day post-qualification review.
During this period, Mislatel will be expected to finalize their plans. The NTC will award the third telco with a set of 3G, 4G and 5G radio frequencies that the latter can use to offer mobile services for the country.
Mislatel has commited to provide a minimum average internet speed of 27 MBps and spend PHP 150 billion investment for the first year of its operation.[Source: Inquirer Business, Yugatech]
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