Udenna Corporation (Udenna) and the National Grid Corporation of the Philippines (NGCP) have signed a Memorandum of Understanding (MOU) for the Mislatel consortium?s use of NGCP?s fiber optic facilities.?
The recently held MOU signing signified Udenna?s intention to conduct joint studies to determine the feasibility of the consortium?s use of NGCP?s fiber optic facilities.
This is in line with the consortium?s resolve to achieve its committed level of speed and coverage as the new major player (NMP) in the Philippine telecommunications industry.
The consortium composed of Udenna Corporation, Chelsea Logistics Holdings Corp., and China Telecom was declared by the National Telecommunications Commission (NTC) as the NMP.