Third telecommunications player Mislatel Consortium on Tuesday said that it is seeking the the possibility of using the National Grid Corporation of the Philippines’ (NGCP) fiber optic facilities in launching its telecommunications service.
In a statement, Mislatel said it signed a memorandum of understanding with NGCP – which operates the country’s power transmission grid — on the benefits of using the fiber optic cables that run along the transmission grid.
“The recently held MOU signing signified Udenna’s intention to conduct joint studies to determine the feasibility of the consortium’s use of NGCP’s fiber optic facilities,” said Udenna Corp. “This is in line with the consortium’s resolve to achieve its committed level of speed and coverage as the New Major Player (NMP) in the Philippine telecommunications industry.”
Udenna Corp., owned by tycoon Dennis Uy, its subsidiary Chelsea Logistics Holdings Corp., state-owned China Telecommunications Corp., and Mindanao Islamic Telephone Co. Inc. make up Mislatel Consortium.
It was officially declared as the New Major Player by the National Telecommunications Commission (NTC) last 19 November and committed a nationwide coverage of 84.01 percent, a minimum speed of 27 megabits per second (Mbps), and capital and operating expenditures of P150 billion in its first year of operations.