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Mislatel officially hailed as third telco player

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Image | Department of Information and Communications Technology - DICT
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All the drama surrounding the third telco selection in the Philippines have finally put to an end as Mislatel, the last-standing bidder on the fought over spot, has been confirmed by the government.

On November 19, the National Telecommunications Commission (NTC) has issued the confirmation order that hails Mislatel as the official third telco player in the Philippines, which will aim to break the duopoly of PLDT and Globe in the industry.

Mislatel is a consortium that consists of Dennis Uy’s Udenna Corp. and Chelsea Logistics Holdings Corp., as well as the Mindanao Islamic Telephone Co. Inc., and China Telecom.

As per the NTC, Mislatel’s confirmation was made official “after a review and deliberation of the New Major Player-Selection Committee Resolution No. 2018-11-01 and its supporting documents.”

The Mislatel consortium is now required to submit all of the necessary documents, as well as the required performance security for the Certificate of Public Convenience and Necessity (CPCN), within 90 days after the official confirmation date.

As per Eliseo Rio, acting secretary of the Department of Information and Communications Technology (DICT), Mislatel should formalize their organization by registering to the Securities and Exchange Commission (SEC).

The consortium should also ask the approval of the National Economic and Development Authority (NEDA), the Philippine Competition Commission, and the National Security Adviser.

And of course, Mislatel should also provide a rollout plan, so both the people and the government know when they can expect when the service to be available for everyone.

Source: PhilStar

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