Den­nis Uy

Philippine Daily Inquirer - - NEWS -

Think of any busi­ness deal over the last two years and the name Den­nis Uy, the bud­ding ty­coon from Davao and friend of Pres­i­dent Duterte, al­most al­ways crops up. An ex­pe­ri­enced hand in lo­gis­tics and fuel trad­ing via his flag­ship Phoenix Petroleum Philip­pines, Uy has em­barked on a dizzy­ing string of ac­qui­si­tions ever since Mr. Duterte came into power. Last week, he moved closer to win­ning his largest deal yet: the op­por­tu­nity to be­come a telecom­mu­ni­ca­tions mogul com­pet­ing with the likes of the Zo­bels of Globe Tele­com and Manuel V. Pangili­nan of SmartPLDT. Uy, through his flag­ship firm Udenna Corp. and its sub­sidiaries, part­nered with sta­te­owned China Tele­com. The al­liance, known as Mis­la­tel Con­sor­tium, emerged as the pro­vi­sional third telco af­ter two ri­vals were dis­qual­i­fied. Mis­la­tel of­fered to spend al­most P260 bil­lion over five years to roll out a mo­bile tele­com net­work and of­fer fast in­ter­net to sub­scribers. Crit­ics, how­ever, worry that Uy’s China con­nec­tion could pose a se­cu­rity risk given the coun­try’s ter­ri­to­rial tiff with this neigh­bor.

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