Philippines third telecommunications player, Mislatel Consortium, is set to receive the necessary requirements in two weeks’ time for the company to finally start operations.
Acting Secretary of the Department of Information and Communications Technology (DICT) Eliseo Rio, Jr. said announced Mislatel is scheduled to receive its certificate of public convenience and necessity (CPCN) on July 8.
In April, Udenna Corp. inked a $5.4-billion agreement with China Telecommunications Corp. to formally develop the Mislatel Consortium. The consortium is now made up of Udenna Corp., its subsidiary Chelsea Logistics Holdings Inc., China Telecommunications Corp., and Mindanao Islamatic Telephone Company Inc.
Mislatel was granted the third licence by the NTC last November, after it committed a nationwide coverage of 84.01%, a minimum speed of 55 megabits per second (Mbps), and capex/opex of P27 billion (US$525 million) in its fifth year of operations.
The DICT is set to award Mislatel with frequency bands of 700 megahertz (MHz), 2100 MHz, 2000 MHz, 2.5 gigahertz (GHz), 3.3 GHZ, and 3.5 GHz.
Mislatel aims to start operations by November of this year.