#Udenna Corporation

(Mislatel), Udenna Corporation, Chelsea Logistics Holdings (CLC), and China Telecom. As for the companies behind the consortium, first up is Udenna Corporation. (CLC) is the shipping business segment of Udenna Corporation and is one of the biggest shipping and logistics company in the Philippines. And then we have China Telecommunications Corporation, known as its trading name China Telecom, which is a Chinese state-owned telecommunication company. Looking at the profile summary of Mislatel and its committed investors submitted to the DICT, Udenna Corporation will hold 35% ownership, CLC at 25%, while China Telecom will hold 40% which is the maximum restriction imposed for foreign ownership in the Philippines. The Philippine Telephone and Telegraph Corporation (PT&T) and Sear Telecom Consortium of Tier One Communications and LCS Group of Companies were disqualified due to their failure to submit participation security and certification of technical capability, respectively. “National security concern, probably not because the National Grid Corporation of the Philippines (NGCP) is 40 percent owned by a state-owned Chinese company. Mislatel Consortium, comprised of  Udenna Corp., Chelsea Holdings, and China Telecom, has been declared by the NTC as the provisional third NMP. Read more in our articles including "What we know about Mislatel, the 3rd telco player" and "Mislatel declared as provisional 3rd telco".