The National Telecommunications Commission (NTC) on Monday officially declared Mislatel Consortium as the country’s new major player (NMP) in the telecom industry, 12 days after the bid documents were opened.
In a resolution dated November 19, the NTC declared Mislatel Consortium as the third player.
“Mindanao Islamatic Telephone Company Inc. with Udenna Corporation, Chelsea Logistics Holdings Corp., and China Telecommunications Corp. (is declared) as the New Major Player,” it said.
As the third major player in the industry, Mislatel is expected to compete head-to-head with incumbent players PLDT Inc. and Globe Communications Inc. The consortium is made up of Dennis Uy’s Udenna Corp., its subsidiary Chelsea Logistics Holdings Inc., China Telecommunications Corp., and Mindanao Islamatic Telephone.
The resolution was signed by NTC Commissioner Gamaliel Cordoba, Deputy Commissioners Edgardo Cabarios, and Delilah Deles, and Oversight Committee chair Eliseo Rio Jr.
“The Mislatel Group as the NMP has a period of 90 days from the date hereof, to submit to the NTC the documents and performance security as required ...” the NTC said.