Think tank wants Dennis Uy-led Mislatel disqualified as third telco player
Public policy think tank Infrawatch PH is seeking the disqualification of the Mislatel consortium as a new major telco player for alleged misrepresentation.
Infrawatch PH lead convenor and former Kabataan party list Rep. Terry Ridon claimed that Mindanao Islamic Telephone Co. had already lost its franchise in 2013 after it failed to comply with the public listing requirement in its congressional franchise.
Mislatel is required to conduct an initial public offering five years from the commencement of its operations.
“Sorry to rain on the parade of the Mislatel consortium, but the public needs to know that the franchise of Mislatel is non-operational. In fact, it has been automatically revoked in 2003 for its failure to join the stock market. We have checked the list of companies currently in the PSE, there is no publicly traded entity named Mislacom,” said Ridon, former chairman of the Presidential Commission on the Urban Poor.
“Not only should the DICT and NTC withhold the preliminary award to the Mislacom consortium, they should outrightly disqualify the consortium for gross misrepresentation. Mislacom has ipso facto lost its franchise in 2003 yet it has represented itself as in possession of a valid and subsisting franchise before our government authorities,” Ridon pointed out.
Given this, Ridon said the Mislatel consortium which includes Davao-based businessman Dennis Uy’s Udenna Corp. and Chelsea Logistics as well as China Telecom and Mislacom, had “absolutely no personality to join and participate in the proceedings to become the new third major player.”
Ridon is urging Department of Information and Communication Technology Secretary Eliseo Rio and National Telecommunications chief Gamaliel Cordoba to take another look at the qualifications of the Mislatel consortium on the basis of its lack of a valid and subsisting congressional franchise.
“Anything less than an outright disqualification of the consortium will taint the entire selection process as flawed and biased towards an obviously unqualified entity,” Ridon said.