Mislatel is eyeing to start its operations as the third major telecommunications player in the country by July this year.
Mislatel Consortium, which was composed of Udenna Corporation, Chelsea Logistics and Infrastructure Holdings Corporation, and China Telecommunications Corporation, signed a share purchase agreement last June 13, as part of efforts to obtain a Certificate of Public Convenience and Necessity (CPCN) from the National Telecommunications Commission (NTC).
“If we are able to get our CPCN by July, we will do our network rollout,” Mislatel spokesperson Atty. Adel Tamano said in a text message to the Philippine News Agency (PNA) on Friday.
Mislatel has increased its capital stock to PHP 10 billion by acquiring control of franchise holder Mindanao Islamic Telephone Company as required by the NTC’s guidelines for the selection of the new major telco player.
After the submission of a performance bond amounting to PHP 25 million, DICT Acting Secretary Eliseo Rio Jr. earlier said that the government 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.
During its operation, Mislatel was expected to provide an average broadband speed of 27 Megabits per second (Mbps) covering 37.03 percent of the national population.
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