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Third telco search: Singson-backed venture, PT&T disqualified

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/11/07/20181107-telecommunications.jpg"/><figcaption>Bid documents for the Philippines&#x27; third telco slot are opened at the National Telecommunications Commission on Nov. 7, 2018. Jonathan Cellona, ABS-CBN News</figcaption></figure></div>MANILA -- Regulators on Wednesday disqualified 2 of 3 firms bidding for the Philippines&#x27; third telco slot for failure to meet requirements.Sear Telecom, the consortium backed by former Ilocos Sur Governor Luis &quot;Chavit&quot; Singson, was cited for failure to pay a P700 million security fee, said lawyer Ellen Blanca Lopez, head of the National Telecommunications Commission&#x27;s legal branch.Philippine Telegraph and Telephone Corp, on the other hand, failed to produce a &quot;certificate of technical capability&quot; from other countries where it operates, said Lopez, who chaired the selection committee during Wednesday&#x27;s bidding.Sear and PT&amp;T can appeal the decisions, Lopez said.This will leave only one bidder, <a href="https://news.abs-cbn.com/business/11/07/18/china-telecom-dennis-uy-firms-partner-for-third-telco-bid">Mislatel</a>, the newly formed consortium of China Telecom and Davao City tycoon Dennis Uy&#x27;s Udenna Corp and Chelsea Logistics.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/07/18/third-telco-race-down-to-3-bidders">Third telco race down to 3 bidders</a></li>	<li><a href="https://news.abs-cbn.com/business/11/07/18/top-third-telco-contender-may-be-named-on-wednesday-dict">Top third telco contender may be named on Wednesday: DICT</a></li></ul>The Singson-backed group earlier questioned the P700 million participation security citing that the rules of the bidding process were <a href="https://news.abs-cbn.com/video/business/11/05/18/tier1-says-third-telco-selection-rules-changed-ahead-of-bidding">changed at the homestretch</a>.PT&amp;T also <a href="https://news.abs-cbn.com/business/11/06/18/third-telco-search-faces-second-legal-question-with-ptt-plea">questioned the selection process </a>before a Makati City court.

This will leave only one bidder, Mislatel, the newly formed consortium of China Telecom and Davao City tycoon Dennis Uy's Udenna Corp and Chelsea Logistics.

This will leave only one bidder, Mislatel, the newly formed consortium of China Telecom and Davao City tycoon Dennis Uy's Udenna Corp and Chelsea Logistics.