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News and Events

Share Prices of NOW Corp and Chelsea Logistics Mirror Vagaries of 3rd Telco Race

Not just the bidders but thousands of market investors also won and lost in the selection process

Dennis Uy, a Davao-based business tycoon and one of President Rodrigo Duterte’s biggest campaign contributors in the 2016 elections, is one step closer to becoming the operator of the country’s third major telecommunications company.Mislatel Consortium, which is composed of Uy’s Udenna Corp. ...

by Pauline Macaraeg  | November 07, 2018 06:00:00
News and Events

UPDATED: Group of Dennis Uy and China Telecom Named PH's 3rd Telco

The company's second package of bid documents is now under evaluation

Updated: Mislatel, the newly formed consortium of Davao-based businessman Dennis Uy’s Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp., and China Telecom, has been provisionally named as the new major telecommunications player on Wednesday, November 7.The consortium garnered 456.8 points for its ...

by Elyssa Christine Lopez  | November 07, 2018 04:00:00
News and Events

3rd Telco Race Down to Groups Led by Davao's Dennis Uy, Ilocos' Chavit Singson and PT&T

Most of the 10 companies who bought bid documents for Php1 million stayed away because of tough rules

UPDATE: Mislatel, the newly formed consortium of Davao-based businessman Dennis Uy’s Udenna Corp., its subsidiary Chelsea Logistics Holdings Corp., and China Telecom, has been provisionally named as the new major telecommunications player on Wednesday, November 7. Read the full story here.Only three groups of ...

by Elyssa Christine Lopez  | November 07, 2018 12:00:00
News and Events

Meet the Contenders for the 3rd Telco Player in PH

If everything works out fine, one of them will be named provisional winner by November 7

On November 7, the Department of Information and Communications Technology (DICT) will provisionally name the third major telecommunications player that is set to compete against the industry’s two giants, Globe Telecom and PLDT.It is a moment that was 11 months in the ...

by Elyssa Christine Lopez  | November 06, 2018 09:00:00
News and Events

Will PH Really, Finally Have a 3rd Telco in 101 Days?

DICT releases final guidelines on selection of new major player in time for Duterte's Christmas deadline

The Department of Information and Communications Technology (DICT) released the final rules to govern the selection of the new major telecommunications player on September 21, after seven months of talks and deliberations with stakeholders.The 27-page Memorandum Circular (MC) No. 09-09-2018’s release comes ...

by Elyssa Christine Lopez  | September 21, 2018 06:00:00
News and Events

Dennis Uy Buys 45% Stake in ISM Communications as Share Price Doubles Since June

Davao businessman pays Php1.28 billion for equity position in a company that used to own telco assets

Listed company ISM Communications Corp. announced that it has approved the acquisition of 45 percent of its total outstanding shares by Dennison Holdings Corp., a company owned by Davao-based businessman Dennis Uy.In a disclosure to the Philippine Stock Exchange (PSE) on August ...

by Lorenzo Kyle Subido  | August 17, 2018 12:00:00
News and Events

Faster, Higher, Sooner: Latest Draft of 3rd Telco Rules Favors Applicants With Bold Commitments

DICT releases a new draft of the terms of reference ahead of the public consultation on Aug. 23

The Department of Information and Communications Technology (DICT) released the latest draft of the terms of reference (TOR) that will guide the selection of the Philippines’ third telco player on Wednesday, August 8. The latest version of the rules underscores the government’s ...

by Elyssa Christine Lopez  | August 08, 2018 07:00:00
News and Events

New Telco Up and Running By End of 2019 Says DICT

Oversight committee agrees to choose third telco player based on committed service rather than auction

The government will choose the new major telecommunications player in the local market based on its promised committed service in its first five years of operations, the Department of Information and Communications Technology (DICT) announced on Friday, July 20.The Highest Committed Level ...

by Elyssa Christine Lopez  | July 20, 2018 07:00:00
News and Events

DICT Warns Choosing 3rd Telco Through Auction May Cut Contenders to Only Two

Three-fourths of telecom firms with legislative franchise favor alternative modes, survey shows

The panel during the third public consultation on the entry of a new major telco player included (from left) NTC Director Edgardo Cabarios, Presidential Adviser on Economic Affairs and Information Technology Communications Ramon Jacinto, DICT Acting Secretary Eliseo Rio, NTC Commissioner Gamaliel Cordoba ...

by Elyssa Christine Lopez  | July 06, 2018 07:00:00
News and Events

Beauty Contest or Bidding War: What's the Best Way to Select the 3rd Telco Player?

How government will choose a new telecoms firm will impact industry and consumers alike

After months of delay, the Department of Information and Communications Technology (DICT) finally released not one, but two diametrically opposing drafts of Terms of Reference (ToR) for the selection of the new major player (NMP) in the telco industry on the last ...

by Elyssa Christine Lopez  | July 03, 2018 03:00:00
News and Events

Gov't Moves Closer to Selecting 3rd Telco Player as DICT Finally Publishes Guidelines

Next step: public consultations in the first week of July

The Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) have issued stricter financial and operational guidelines for the country’s third major telco player.On Wednesday, June 27, the DICT published the latest draft of the terms of reference ...

by Elyssa Christine Lopez  | June 26, 2018 08:00:00
News and Events

Want to Be Part-Owner of a Major 3rd Telco Contender? Now Could Be Your Chance

Now Corp. has secured SEC approval to sell up to 10 million shares at Php100 each

Now Corporation, one of the companies eyeing to launch the third telco player in the country to break the duopoly of PLDT and Globe Telecom, is raising up to Php1 billion through preferred shares.Related story: Who are the Companies Eyeing to Launch ...

by Pauline Macaraeg  | June 14, 2018 01:00:00
News and Events

Globe, Smart Ramp Up Internet Speeds as Gov’t Tarries in Choosing 3rd Telco Player

The two telcos expanded network and adopted technology to boost efficiency of cell sites

Ahead of the government’s efforts to select a third telco player, the country’s two telecom giants Globe Telecom and Smart Communications are reporting noticeable improvements in the quality of their mobile internet services, according to wireless telecom analyst OpenSignal in a report ...

by Elyssa Christine Lopez  | June 01, 2018 10:00:00
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