Mislatel to be officially named as third telco
THE National Telecommunications Commission (NTC) is expected to proclaim on Monday the Mindanao Islamic Telephone Co. ( Mislatel) consortium as the Philip ( telco) player, the Department of Information and Communications Technology (DICT) said on Sunday.
In a mobile message, acting DICT chief Eliseo Rio Jr. said the state-run regulator has until Mon-
telco-player status after resolving the motions of reconsideration of losing bidders Sear Telecom and Philippine Telegraph and Telephone Corp. (PT&T) on Friday.
His message came almost two weeks after the winning consortium, composed of Dennis Uy-led Udenna Corp., its unit Chelsea Logistics Holdings Corp., and China Telecommunications Corp. secured the provisional new major player status after meeting all requirements set by the NTC.
DICT and NTC used the highest committed level of services (HCLoS) system to determine the winning bidder based on population coverage, broadband speed and
The consortium promised speeds of up to 55 megabits per second ( Mbps) covering 84.01 percent of cumulative coverage, and capital expenditures (capex)
“Mislatel made a commitment to greatly improve our telecommunications industry that can bring us at par with Singapore and is putting a hefty performance bond (P24 billion) if they fail in its commitments in [the] 5-year
post on Saturday.
The DICT chief is upbeat about the possible opportunities offered by the consortium, and even said the capex Mislatel promised could help create jobs.
- mentary stamps of the required P10-billion equity, the yearly spectrum users fee, and supervision and regulatory fees will greatly increase the income of [the] gov-
- tel can harness the existing network infrastructure of those who vied for the third telco slot, including “the
optic cables of PT&T and Converge ICT, [and] the satellite network of
Meanwhile, Globe Telecom President and Chief Executive years of operation, during which it needs to deploy the network infrastructure needed to deliver the internet speeds it promised.
“I don’t think there’s any telco in
market share from leading telcos
Cu said last week.
An exception, he added, was India-based Reliance Jio, which had prepared a few hundred cellular sites before challenging the subcontinent’s leading telcos Vodafone India Ltd. and Bharti Airtel Ltd. in 2015. It reportedly now has a 26-percent market share.
Although debt watcher Fitch Ratings said the new player would initially focus on the mobile business, where Globe is leading, Cu is confident the company would keep its subscribers, given investments targeted to address growing demand for data. He noted that its market share