Duterte personally hands over Mislatel permit to Dennis Uy
President Rodrigo Duterte himself awarded the third telco franchise to bilyonaryo Dennis Uy in a formal ceremony in Malacanang on Monday, July 8.
Duterte handed over the certificate of public convenience and necessity for Mindanao Islamic Telephone Company (Mislatel) with Uy’s partner, Ke Ruiwen, chairman of China Telecom, in attendance. Mislatel posted a P25.7 billion performance bond for the right to offer mobile phone and broadband.
President Rodrigo Duterte hands over Certificate of Public Convenience and Necessity (CPCN) to Mislatel chairman Dennis Uy. pic.twitter.com/KceMld2nGG
— CNN Philippines (@cnnphilippines) July 8, 2019
— Azer Eraser (@azereraser) July 8, 2019
Duterte granted the telco franchise to Mislatel and China Telecom with one goal – smash the duopoly of Ayala’s Globe and MVP’s Smart networks. Mislatel will call its brand Dito Community.