Mislatel Consortium awarded Certificate of Public Convenience (CPCN)
The Department of Information and Communications Technology (DICT) has just announced that President Duterte has awarded Mislatel with a Certificate of Public Convenience and Necessity (CPCN).
A CPCN refers to an authorization grant that allows a qualified applicant, in this case, Mislatel, to legally operate and/or provide public services within the Philippines. Back in June 2019, Mislatel announced that it planned to operate by July 2019 and that it had signed a share purchase agreement in an effort to obtain a (CPCN) from the National Telecommunications Commission (NTC).
DICT and the National Telecommunications Commission (NTC)’s awarding of the CPCN officially allows Mislatel to operate as the third telco in the country. President Duterte was present during the awarding ceremony held at Malacanang Palace.
The Consortium, comprised of Mislatel, Udenna Corporation, China Telecom, and Chelsea logistics promised to offer 55 Mbps of internet speed in five years. They also aim to spend around PHP 257 billion in infrastructure and service rollout within the same timeframe.