Misatel Consortium wins 3rd telco bid

Misatel Consortium wins 3rd telco bid

- in News, Philippines
Image from Yugatech.

The Philippine government announced on Wednesday that Mislatel consortium is the winning bidder for the country’s 3rd telco player slot. The consortium is a joint venture by Davao-based businessman Dennis Uy’s Udenna Corporation,  its logistics arm Chelsea Logistics Holding Corp., and foreign firm China Telecom Corp., partnered with the Mindanao Islamic Telephone Corporation, Inc. (Mislatel).

Misatel was granted a 25-year franchise for operation back in 1998 by the Congress of the Philippines. Misatel spokespersons commented on the decision to reward the contract to them, saying that the combined assets of the consortium’s member companies will enable them to perform well as the country’s third telco player.

“The consortium is confident that Udenna Corporation’s extensive supply chain and knowledge of local industries will complement the world-class technology and telecommunications expertise of China Telecommunications Corporation, one of the world’s largest and most experienced fixed and mobile network operators. Meanwhile, Chelsea Logistic Corp.’s expertise in logistics and distribution will enable the speedy development of the network,” read Misatel’s statement.

Udenna corporation is not a telecommunications firm, however the third partner company China Telecom is one of the largest telecom providers in Asia. Totaled, over 200 million subscribers avail of China Telecom’s services.

President Duterte earlier signed Administrative Order 11, which created an oversight committee manned by representatives from the Department of Information and Communications Technology (DICT) and the Department of Finance (DOF) as chairperson and vice-chairperson, respectively. The committee, along with the National Telecommunications Commission (NTC), an attached agency of the DICT, opened the bidding for the third telco slot upon Duterte’s instruction.

The entry of Mistatel means the end of the country’s telecommunication duopoly previous held by PLDT and Globe Telecom.

Misatel was the last remaining bidder after the other two bidders, Sear Telecom Consortium of Tier One Communications and LCS Group of Companies, were disqualified from the process. Both firms failed to provide the required PHP700 million performance security.

If you enjoy reading our stories,
please help keep Mindanation up and running by donating any amount.
Your support will go a long way in keeping us going.

Facebook Comments

You may also like

Angkas eyes 6-month pilot run by end June

By Aerol John Patena, PNA MANILA — Motorcycle ride-hailing