Bidders to 3rd telco down to 3

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Three consortia remain in contention in the bidding for the third telecommunications slot with the last minute pullout of Converge ICT and its partners as bidder.

The consortium of Converge ICT, KT Corp. and Teltech decided not to join in Wednesday’s bidding citing that its conditions for participation are “commercially unviable.”

In a statement, the three firms said it cannot meet the bidding requirement of setting up its infrastructure “at a pace that is not required of the current dominant service providers.”

With the consortium out, the remaining bidders are Mislatel, Tier 1 and PT&T.

Mislatel is composed of China Telecom and Davao tycoon Dennis Uy’s Udenna Corp. and Chelsea Logistics.

Tier 1 is composed of LCS Corp. of former Ilocos Sur Gov. Luis “Chavit” Singson, Tier 1, Southeast Asia Telecom of Cambodia and Miller Pte and Fujian Torch of Singapore.

PT&T is a local telco that has been in service for 56 years.

Department of Information and Communications Technology officer-in-charge Eliseo Rio said a computer program will choose the winning bidder.

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