The National Telecommunications Commission (NTC) today disqualified Philippine Telegraph and Telephone Corp. (PT&T) and the consortium of LCS-TierOne from the third telco bidding for failing to meet requirements.
LCS-TierOne, composed of TierOne Communications International Inc. and LCS (Luis Chavit Singson) Inc., failed to provide P700 million representing participation security.
PT&T, on the other hand, was unable to submit a Certificate of Technical Capability (CTC).
With the two bidders’ disqualification, only the Mislatel Consortium – made up of Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp. and China Telecommunications Corp. — was allowed to proceed to the detailed evaluation.
Both LCS-TierOne and PT&T expressed their interest to file motions for reconsideration to rejoin the bidding. PT&T said it already requested from NTC a CTC.
The winning bidder will become the third telecommunication company in the Philippines after the Philippine Long Distance Telephone (PLDT) Co. and Globe Telecoms.