Duterte to Mislatel: Let Filipinos enjoy faster Internet
By Prince Golez
President Rodrigo Duterte has challenged the Mindanao Islamic Telephone Co. (Mislatel) consortium to deliver faster and better telecommunications services to the Philippines.
The consortium is led by Davao-based entrepreneur Dennis Uy’s Udenna Corp. and Chelsea Logistics, and China Telecom,
During the awarding of the Certificate of Public Convenience and Necessity in Malacanang on Monday, Duterte said the entry of a third major player would break the telco duopoly in the country.
“I am glad to announce the entry of a new player that will take on the challenge of competing against the existing players in our country’s telco industry. This new player is the Mindanao Islamic Telephone Company or Mislatel Consortium,” according to the President.
Duterte assured the third telco’s entry will improve the country’s prevailing Internet speed from 4.5 megabits per second (Mbps) to 55 Mbps.
“The entry of this Mislatel Consortium – assuming that it complies with this commitment – is indeed a milestone in our efforts to provide fast, reliable, secure, and more affordable telecommunication services to the public,” the Chief Executive said.
“Let us take the entry of this new telco player as a breath of fresh air in our rapidly evolving information age, where no one should be left behind in our pursuit of an inclusive and sustainable progress for all Filipinos,” he added.
Mislatel consortium’s 55 Mbps Internet speed can cover 84.01 percent of the Philippine population in five years. It intends to invest P257 billion in infrastructure and services rollout during the same period.