Filtered By: Money

Three groups bid for third telco initiative

Out of the 10 groups that were reported to have bought bid documents for the government's third telco initiative, only three submitted bid documents ahead of Wednesday's 10:00 a.m. deadline.

The first group to submit its bid is Mislatel Consortium made up of Davao businessman Dennis Uy's Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp., and China Telecommunications Corp.

"The consortium is confident that Udenna Corporation's extensive supply chain and knowledge of local industries will complement the world-class technology and telecommunications expertise of China Telecommunications Corp., one of the world's largest and most experienced fixed and mobile network operators," the company said in a statement.

The second group to submit bid documents was the consortium of TierOne and Chavit Singson-led LCS Group of Companies.

The third group to submit was the Philippine Telegraph and Telephone Corp.

Other firms which earlier bought bid documents include AMA Telecommunications, Converge, Mobitel Holdings GmbH, NOW Telecom, Telenor ASA Group, and the Villar-led Streamtech.

The government is scheduled to announce a provisional third major telco player within the day. —KBK, GMA News