3rd telco bidding: Only Mislatel qualifies
is composed of Mindanao Islamic Telephone Company, Chelsea Logistics Holdings Corporation and China Telecom.
The selection documents of Sears, which is part of the Tier1 Consortium, were declared incomplete at 12:45 p.m. Wednesday.
A representative of the consortium, which also includes the LCS Group of Companies led by Ilocos businessman and politician Luis “Chavit” Singson, said they will file a motion for reconsideration.
Under the guidelines for the selection process, a motion for reconsideration may be filed within three calendar days.
Under Memorandum Circular 09-09-2018, the participation security must be either in cash, a manager's check, draft, or an irrevocable letter of credit issued by a universal or commercial bank in the Philippines.
At about 1:20 p.m., the selection committee also declared PT&T disqualified from the process because it lacked the Certificate of Technical Capability.
The PT&T representative has signified the company’s intention to file a motion for reconsideration.
The new major player is expected to end the duopoly of telecommunication giants Philippine Long Distance Telephone Company (PLDT) and Globe Telecom.