#who is mislatel

A few days ago, the Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) identified Mislatel as the provisional 3rd telco player in the Philippines. Now let's ask who Mislatel is, the companies behind it, and what it has committed to deliver. (Mislatel), Udenna Corporation, Chelsea Logistics Holdings (CLC), and China Telecom. (Mislatel) may sound new, but the company has been around for quite a while now. According to a recent statement of its local partner, Chelsea Logistics, Mislatel has a nationwide franchise to construct, operate and maintain telecommunication facilities until 2023, based on the NTC's list of telecommunications entities with existing legislative franchises. It 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. 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. 3rd telco player selected On November 7, 2018, the Department of Information and Communications Technology (DICT) identified Mislatel as the 3rd telco player in the Philippines. Read more in our articles including "What we know about Mislatel, the 3rd telco player" and "PH among slowest countries in shift away from 3G".