Mislatel receives go signal to operate as third telco player
Mislatel Consortium received the certificate of public convenience and necessity (CPCN), or the permit to operate, from the government today, signaling its official entry in the Philippine telco industry.
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| Mislatel gets a permit to operate |
Permit to operate
After declaring as the provisional third telco in November last year, President Rodrigo Duterte handed over the CPCN to Davao-based businessman Dennis Uy, founder of the Udenna Corporation, in Malacanang.
Mislatel Consortium is backed by Uy's Udenna Corp., Chelsea Logistics Holdings Corp., and state-run China Telecommunications.
The new player vowed to deliver internet speed as fast as 55 megabits per second (Mbps) to 84.01 percent of the national coverage within the five-year committed period. To finance its rollout plan, the consortium said it would spend P257 billion.
Adel Tamano, its spokesperson, noted the group expects to receive first subscribers by 2020.
We're very confident. First thing is that what we’re rolling out is the 4G network but a higher version of 4G, this is 4G VOLTE, or voice over LTE, so this is 4G, high definition voice, Tamano said.
The official was also optimistic about providing Filipinos with 5G technology.
I think what makes us different is our intention, our aspiration is to bring 5G to the Philippines. So the people can start getting excited that 5G is coming, that’s what Mislatel is going to do and the CPCN just makes us bring it to you so much more closer, Tamano said.
Source: Manila Bulletin
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