3rd telco bidding: Only Mislatel qualifies

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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.