Mislatel Corporation, the consortium between Udenna Corporation of Davao-based businessman Dennis Uy and China Telecom, was the only group that qualified for the preliminary round of the bidding for the third telco that will soon rival Globe Telecom and Smart Communications.
The National Telecommunications Commission (NTC) made this announcement after only three groups submitted their bidding documents at the NTC office in Quezon City today.
The three bidders are Philippine Telegraph and Telephone Corporation (PT&T), Mislatel Corporation, and the LCS-TierOne consortium of Governor Luis “Chavit” Singson.
Of the three, only Mislatel Corporation passed the preliminary round of the bidding process. PT&T was disqualified for its failure to submit all the requirements, especially the certification to prove its technical expertise.
The LCS-TierOne consortium, on the other hand, was disqualified for its failure to submit a security bond of P700 million.
Both PT&T and LCS-TierOne said that they will file their respective motions for reconsideration within three days. So it seems that the fight is not over yet.
Earlier, three prospective bidders – Converge, KT Corporation, and Teltech – backed out from the bidding process, stating that “the conditions imposed for participation render the venture commercially unviable.”
At the moment, the Department of Information and Communications Technology (DICT) is evaluating the documents submitted by Mislatel. Stay tuned here in Tech Pilipinas for the latest updates on the bidding and selection of the third telco.