Udenna-China Telecom passes first NMP evaluation
Out of all the companies that bid to be the next NMP, only Mislatel Consortium, comprised of Udenna Corp., Chelsea Logistics Corp., and China Telecom, passed the initial evaluation.
After careful evaluation of their bidding documents, the DICT has announced that Udenna Corp. “is the sole participant to proceed to the Detailed Evaluation of the First Submission Package.”
Udenna is a holding company in the Philippines which is in the business of distribution and retail of petroleum products and lubricants under the Phoenix brand and is engaged in shipping and logistics through its wholly owned subsidiary, Chelsea Logistics Holdings Corp. Its business portfolio includes real estate and property development, education, leisure, gaming and tourism, and infrastructure. They have partnered with China Telecommunications Corporation to bid for the 3rd telco spot.
As for PT&T and Sear Telecom, they were disqualified from the bid for allegedly having incomplete documents. They have expressed interest in filing a motion for reconsideration.
The NMP selection process is still ongoing.