Third telco race down to 3 bidders

Jessica Fenol and Warren De Guzman, ABS-CBN News

Posted at Nov 07 2018 11:04 AM | Updated as of Nov 07 2018 09:55 PM

MANILA -- The National Telecommunications Commission will choose from 3 bidders, the Philippines' new telecommunications player that will go against PLDT Inc and Globe Telecom.

At the end of the deadline Wednesday, 3 bids were submitted from Mislatel consortium, Tier1, and Philippine Telegraph and Telephone Corp.

A computer program will determine which firm meets the highest committed level of service criteria. After which, the authorities will check the bid documents before the slot is awarded, Department of Information and Communications Technology officer-in-charge Eliseo Rio said.

Here are the 3 contenders for the third telco slot:

1. MISLATEL

China Telecom and Davao Tycoon Dennis Uy's Udenna Corp and Chelsea Logistics announced their partnership on Wednesday.

China Telecom, one of China's biggest carriers boasts of 281.6 million subscribers at the end of the first half OF 2018, of which 217.3 million are on 3G. It's total base is nearly 3 times the Philippine population. It posted net income of 13.6 billion yuan (roughly $2 billion) in the January to June period.

A successful telecommunications foray will further expand the footprint of Davao-based tycoon Dennis Uy, who in the last 2 years, parlayed his fuel business, Phoenix Petroleum, into stakes in shipping firm 2GO, the Philippine operator of Japanese convenience store chain FamilyMart, hospitality school Enderun and ISM Communications Corp.

2. SEAR TELECOM

The consortium includes former Ilocos Sur Gov. Luis "Chavit" Singson's LCS Corp, the Philippines Tier1, Cambodia's Southeast Asia Telecom, Singapore's Miller Pte and China's Fujian Torch.

3. PT&T

PT&T or Philippine Telegraph and Telephone Corp, founded in 1962, serves small and medium businesses and residential customers. It operates a "pure fiber" network for fast connections. It posted net income of P24.7 million for the fiscal year ending June 2018, on the back of a 62-percent rise in revenues to P201 million.