Mislatel Officially Declared as the New Major Player in the Philippines
Mislatel consortium has been officially named as the Philippines’ New Major Player in the public telecommunications market.
The Mislatel consortium is comprised of Udenna Corporation, Chelsea Holdings, and China Telecom. They passed the Document Verification Phase that was conducted by the National Telecommunications Commission (NTC) Selection Committee which merited them for the final confirmation from the NTC En Banc.
“As we reached the end of the tunnel of this NMP search, the ball is now on Mislatel’s court to deliver on their promise,” said Acting Secretary Eliseo M. Rio Jr.
The consortium vows to deliver 27 Mbps of minimum average broadband speed on the first year, then zooming to 55 Mbps in the next four years, as stated in their Highest Committed Level of Service (HCLoS) bid.
Should the NTC found a breach in any of the NMP’s performance, they can forfeit its performance security of around 25 billion pesos and recall the awarded frequencies.
“One of the best ways Mislatel can comply with its commitments is to use all existing facilities and services of the other small players,” said Rio. “The NMP will spur business for small telcos and last mile links like CATV operators.”
For the processing of its Certificate of Public Convenience and Necessity (CPCN), the New Major Player will have 90 days to submit the required documents that is stated in the NTC MC 09-09-2018. This includes their roll-out plan for the entire commitment period.