Tag: telecommunications company

Senate approves transfer of ownership of Mislatel Inc. to the company’s partners in consortium

(Eagle News) — The Senate on Wednesday, Feb. 6, approved the transfer of ownership of Mindanao Islamic Telephone Co. Inc. (Mislatel Inc.) to its partners in the consortium that was named the third telecommunications player in the country. Only three senators–Senator Panfilo Lacson, Senate Minority Leader Franklin Drilon and Senator Risa Hontiveros—voted against making Mislatel Consortium–composed of Dennis Uy’s Udenna Corp., China Telecommunications Corp. and Chelsea logistics Holdings Corp.—the owner of Mislatel Inc. Drilon had […]

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DICT: Firms vying to be the 3rd telco player in PHL should post P700-million participation security

(Eagle News) — Firms vying to be the third telecommunications company in the country should post a participation security of P700 million, the Department of Information and Communications Technology said on Friday, Sept. 21. Memorandum Circular (MC) No. 09-09-2018 said the participation security must be either in cash, a manager’s check, draft, or an irrevocable letter of credit issued by a universal or commercial bank in the country. Earlier, authorities said firms with outstanding liabilities to the government […]

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National security will not be compromised by Chinese telco – Malacañang

QUEZON CITY, Philippines – Malacañang allayed fears that a third telecommunications company player from China will compromise the national security of the country. According to Presidential Spokesman Harry Roque, the administration is taking steps to strengthen the country’s cyber-security and to further strengthen the ties between the two countries. “Well, as far as security considerations are concerned, we will look into that because there are really concerns overall on cybersecurity in general,” he said. This […]

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