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Udenna-China Telecom (Mislatel) consortium to provide 55Mbps broadband speed?

As we anticipate the entry of Mislatel Consortium as the new major player, can we also expect better telecommunication services once it starts its operation in the country?
Breaking: NTC announces Udenna-China Telecom (Mislatel) consortium as the provisional 3rd telco player!
The provisional third telco

Related: Mislatel consortium is the official new major telco player

The consortium, led by China Telecommunications, Udenna Corp. and Chelsea Logistics, was declared by the National Telecommunications Commission (NTC) on November 7 as the provisional third telco player.

While the consortium awaits the new major player confirmation from the NTC Selection Committee, it is no less grateful to the NTC for carefully reviewing all the entries and presenting a historic opportunity to provide the best telecommunications services that Filipinos have been aspiring for, the consortium said in a statement.

Under its five-year commitment period highlighted in the bidding document, it vowed to provide 27 megabits per second (Mbps) broadband speed in its first year and 55 Mbps in the fifth year.

If the promises were true, this could help the Philippines improve its ranking in terms of download and upload speeds.

According to a July report from London-based OpenSignal, the Philippines ranked at the bottom in East Asia, with download and upload speeds of only 11.6Mbps and 5Mbps, respectively.
During the third telco selection process at NTC last November 7
During the third telco selection process at NTC last November 7

The Mislatel Consortium also promised to expand the telco services in the country, committing to cover at least 84 percent of the population

Obviously, the group has to cough up a bulk of money to deploy its own networks and operate in the market. It stated in its bidding documents, it would be investing a total capital and operational expenditure of PHP 257 billion.
DICT acting head Eliseo Rio, Jr.
DICT acting head Eliseo Rio, Jr. 

However, according to Department of Information and Communications Technology (DICT) acting chief Eliseo Rio, Jr., the new player will need enough time to establish its infrastructure, thus, consumers may start seeing them active in the industry by late 2019. 

What do you think of this news? Are you excited? 

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